IF we were in France, it would mean three "choices" or three "options" for the local count. The ES 4-hr chart and the ES 1-hr chart with further explanation are below. On le menu are blue x, blue i or red (ii) of diagonal.
A lot currently depends on whether we go through the low again. That can not be emphasized enough. The option of a i, up, depends on the entire up wave having been an expanding diagonal, as below. It does have the right measurements and internal structures.
The (e) wave of the triangle simply has not invalidated yet. So, all we're getting, so far, is volatility.
Have an excellent start to the evening,
TJ
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