Wave 4 pullback on ES 240 chart. Look at the long term 240 channel we are just below it and just below the center on a current trend 240. Our Elliot Wave indicator shows us in a wave 4 pullback. We will see what it does Sunday when the markets open.
Trading Strategy
Plan A
Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250
Plan B
Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980
Plan C
Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come
Plan D
Selling...
Look how this 60 min regression channel respected the channel top, center, and bottom channel lines. More importantly, look at how we kept bouncing around between weekly and daily gaps filling unfilled orders. Just because we fill a gap once doesn't mean it's not good anymore. Proof that gaps are a great support and resistant lines to spot reversals intraday. Drop...
