We should know soon enough if this count of minute ((c)) = minute ((a)) is the correct one or not. Every wave occurred just about as we expected- with the few twists and turns along the way that are characteristic of potential diagonal waves.
|ES E-Mini S&P500 Futures - 4 hr - Minute ((c)) = Minute ((a))|
The orange box is drawn so ((c)) = ((a)), and it fits like a glove at the moment. If the count is correct then, there should be a gap lower in the morning, and the minute ((b)) wave should be exceeded lower in less time than it took to complete the overlapping diagonal ((c)) wave, up. The diagonal has all of the correct measurements, and this one has the nice "throw-over" of the top of the trend line.
The diagonal would invalidate if wave (v) became longer than wave (iii) above 2,655.75.
Have a good start to your evening.
P.S. The futures count was invalidated in the overnight. The only count I can find that still follows the rules for all those overlaps is this one.
|ES E-Mini S&P500 Futures - 4 Hr - Only Count that Follows the Rules for the Overlaps|
So, the overlapping waves must have been a leading diagonal first wave, and we are now in a third wave.