Emini Elliott Wave Possibilities.

31 Jan 2022

Right now the Price Action is hitting many markers for an impulse move from the High. All of the notes are for the bearish impulse down, but time is running out for this sideways Wave 4 move, its getting a bit big in relation to the Wave 2. A break above 4478 would have me a bit suspicious if it is still a valid impulse, though 4572 is the official invalidation. Indicators are pointing towards a possibility of more down as well. A price drop below the current low with divergance on the indicators, would lend toward the possibility of a completed impulse and a move up. MO