|ES Futures - 4 Hr - Whip|
The Elliott Wave Oscillator (EWO) could still do with some further downward movement to get closer to the +10% to -40% range of the prior peak. And price in a fourth wave would be expected to challenge the lower channel line, but has not done so, yet. There are 116 candles on the chart - narrowing in on the recommended 120 to 160.
Have an excellent start to the evening.