$ES at an Inflection Point

Yes, we are still within the parallel rails (discussed yesterday) so we are technically in a bull flag. However, we have all seen those fail as well. I can see us going up for another high, but, gun to the head, I am more inclined to think this one may fail. I could be wrong about that.

This little consolidation we’re in is exceptionally difficult to count, and, at a glance, one would want to say that the overlapping wave structure ensures it is corrective, but my gut is telling me that it may not be. We can always count overlapping structures as nests, and this could be one.

ES


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.


One thought on “$ES at an Inflection Point”

Leave a Reply

Your email address will not be published. Required fields are marked *