Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of ES_F  (E-mini S&P) published in members area of the website.  As our members know ES_F is showing impulsive bullish sequences in the cycle from the 4124.4 low. Recently  ES made 3 waves pull back in wave ((iv)) black. The futures found buyers and made rally toward new highs as expected . In further text we’re going to explain the  Elliott Wave pattern  and forecast.

ES_F H1 Update 12.07.2023

ES_F is doing correction wave ((iv)).  The structure still looks incomplete at the moment when we still could be trading in wave (y) of potential double three pattern. We see possibility of price making extension down toward 4543.9-5410.2 area ( buyers zone) before turn happens. As overall view is bullish, we don’t recommend selling and favor the long side. We expect ES Futures to make a rally toward new highs ideally.

ES_F H1 Update 12.08.2023

ES Futures completed wave ((iv)) recovery early at 4548.7 low. It missed to reach proposed buyers zone at 4543.9-5410.2. We got rally in ((v)) breaking toward new highs as expected. As far as the pivot at 4548.7 low holds, we can see more short term strength within the same cycle. Keep in mind that market is dynamic and presented view could have changed in the mean time.  You can check most recent charts with target levels in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book. Elliott Wave Forecast We cover 78 instruments in total, but it’s important to keep in mind that not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room.  If not a member yet,  Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy. Join us now and start learning from market experts. If you are looking for professional real-time analysis in Forex, Indices, commodities,Crypto currencies , stocks and ETFs you have come to the right place. Welcome to Elliott Wave Forecast !    

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