Last few days I did not post any updates as the formation of the structure was not very clear. On a correctional wave that was going bullish for several months without any major pullback, it was difficult to put any wave count on every single turn. But today we have a possibility to label an ending triangle.
In the following chart, I have labelled my A-B-C-D-E wave count for an ending triangle. Today morning since 5:08 A.M. e-Mini S&P 500 has lost over 12 points as of 8:30 A.M. To confirm this labelling, this has to break the lower trend channel at around 1,080 – 1085 range.
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