$ES Just Completed Wave 5, Now Get Ready to Buy the Dip

TRIGGER TRADES
11-13 15:08

🚨 $E-mini S&P 500 - main 2612(ESmain)$ JUST PRINTED WAVE 5!

ES briefly wicked below the Momentum Break at 7,582 — but the level held.

There was another important detail: Wave 4 remained smaller than Wave 2, keeping the 5-wave structure intact. From there, price pushed to a fresh high and completed Wave 5. 📈

So, what's the next directional move after 5 waves up?

👇 THE ANSWER: 3 WAVES DOWN.

Most of you got it right!

🔻 What's next for ES?

A completed 5-wave advance is typically followed by a 3-wave corrective move.

That means we're now looking for an ABC pullback:

  • Wave A: Initial move lower

  • Wave B: Corrective bounce

  • Wave C: Final leg down

🎯 Here's the key: I want to BUY the C wave.

This is a pullback, NOT a market top.

I'm not looking to chase the rally or turn bearish just because the 5-wave advance is complete. The goal is to let the ABC correction develop, then look for an opportunity to get long as Wave C reaches its completion.

Patience first. Then look for the next entry. 🚀

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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