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ES Daily Harmonic Elliott Wave Analysis

CME_MINI:ES1!   Kontrak Berjangka E-mini S&P 500
Overview: let's review the expectations of the previous update:
  • I see that we are still in wave b of Z, developing as a double zigzag . We are in wave III of (c) of b.
  • We will run to the downward trend line and the reaction of price to that zone is the key to decide.

Update: not much to update, the price action is following very well. We are in wave IV of (c) of b. For now, I have 4132.75 as the potential target for wave b peak.

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