ES hit the fib retracement target region for a 5 wave and ABCD Elliott wave pattern. It is quite likely to continue back up before long. It recently had a series of low range days so is likely to have a range expansion which means a large upward trend day is in the cards. After trending upward, it is also likely to try to correct back down to the red median...
Will be very careful to take profits quickly for any bearish trades I take because it's probably close to support. Much more interested in moves pointed up.
Looking like BTC completed a 5 wave, now should not be surprised to find an ABC correction to the 50%ish region in the rectangle area. I will probably not short BTC here because it's possible the 5 count starts at the end of the consolidation rather than at the start where I have it now. If that's the case then there could be one more wave up. In either case, I...
Could end up being good short. Personal plan is to wait for retrace and find bullish entry after large correction. Not buying into recent Tron run up since BTC has gone flat in last few days