Hi Everybody,
Did any of you spot this “Holy Grail” of setups yesterday in the ES ? As you all should know by now, I love looking for a abc pattern that unfolds as part of the “initial correction” (Wave 2) following an “initial swing” (Wave 1), because it is very often followed by a strong (Wave 3) swing.
Well that is what unfolded on the ES yesterday. I normally follow the 3min Chart, so when I saw the “initial decline” off the 11:57 high I got excited, and started to look for the decline to end and then a abc rally to unfold.
The abc pattern did not unfold on the 3min chart but did on the 2min chart, as we will see in the next post.
Thanks, Steve
Did any of you spot this “Holy Grail” of setups yesterday in the ES ? As you all should know by now, I love looking for a abc pattern that unfolds as part of the “initial correction” (Wave 2) following an “initial swing” (Wave 1), because it is very often followed by a strong (Wave 3) swing.
Well that is what unfolded on the ES yesterday. I normally follow the 3min Chart, so when I saw the “initial decline” off the 11:57 high I got excited, and started to look for the decline to end and then a abc rally to unfold.
The abc pattern did not unfold on the 3min chart but did on the 2min chart, as we will see in the next post.
Thanks, Steve
