Hi traders,
I do update/publish ES count on a daily basis. Today, I see that NQ chart has a cleaner count and decided to publish an update on this name as well.
Overview: I see that from ATH in Nov 2021, we have completed a zigzag so far, wave (W). Right now, we are in wave (X), inside the downward channel. I consider wave (X) developed as a triple zigzag. To understand its stage of development, lets look at the 4-hour chart:
Right now, we are in wave c of Z of (X).
Potential targets for wave (X) peak (13428):
From higher to lower degree waves:
1) Wave (X) retracement of wave (W): 13428
2) Ratio between a and c of Z: 13422.25 and 13455.5
I do update/publish ES count on a daily basis. Today, I see that NQ chart has a cleaner count and decided to publish an update on this name as well.
Overview: I see that from ATH in Nov 2021, we have completed a zigzag so far, wave (W). Right now, we are in wave (X), inside the downward channel. I consider wave (X) developed as a triple zigzag. To understand its stage of development, lets look at the 4-hour chart:
Right now, we are in wave c of Z of (X).
Potential targets for wave (X) peak (13428):
From higher to lower degree waves:
1) Wave (X) retracement of wave (W): 13428
2) Ratio between a and c of Z: 13422.25 and 13455.5
