Hi there fellow merchants,
As our members know we’ve had many advantageous buying and selling setups not too long ago. On this technical article, we’re going to current one other Elliott Wave buying and selling setup we bought in SPX E-Mini ( ES_F ) . ES_F accomplished this correction exactly on the Equal Legs zone, known as the Blue Field Space. Within the following sections, we are going to delve into the specifics of the Elliott Wave sample noticed , talk about the buying and selling setup and current targets.
ES_F Elliott Wave 4 Hour Chart 11.17.2025
The present view means that ES_F is forming a Double Three correction (WXY crimson) . The worth motion exhibits an incomplete construction from the height. We anticipate an extension towards the intense zone at 6004.76-6416.9, the place we need to re-enter as consumers.
We suggest members to keep away from promoting ES_F . As the principle pattern stays bullish, we anticipate not less than a 3-wave bounce from this Blue Field space. As soon as the value touches the 50 fibs towards the X crimson connector, we’ll make positions risk-free and set the cease loss at breakeven and ebook partial income. On different hand, breaking under the 1.618 Fibonacci extension stage at 6416.9 would invalidate the commerce.
Official buying and selling technique on The way to commerce 3, 7, or 11 swing and equal leg is defined in particulars in Instructional Video, out there for members viewing contained in the membership space.
Fast reminder on how you can commerce our charts :
Pink bearish stamp+ blue field = Promoting Setup
Inexperienced bullish stamp+ blue field = Shopping for Setup
Charts with Black stamps aren’t tradable. 🚫
ES_F Elliott Wave 1 Hour Chart 11.17.2025
The futures has made extension down towards Blue Field (6004.76-6416.9,) and located consumers as anticipated. ES_F is exhibiting an honest bounce from the Shopping for Zone. The response reaches 50 Fibs zone towards the X crimson connector. Consequently, any lengthy positions from the Blue Field ought to now be risk-free. We’ve set our cease loss at breakeven and have already secured partial income. We rely correction accomplished at 6594 low. Whereas above that stage, ES_F might be heading towards 7031 + space.
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