Attached is the daily chart of the ES futures (rollover contract) with the steps for potential diagonal confirmation clearly shown. The chart uses the Zigzag indicator, so the wave terminals are accurate.
The first confirmation step may be checked (or tic'd, as they say in the UK) as complete. The remaining are yet to be seen.
What happens if confirmation is not obtained? Then, one must look for a different structure, such as a large Flat at the high, or possibly a triangle, or something similar - even a larger diagonal.
Let's see how it goes. Have an excellent rest of the weekend,
TraderJoe
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