Following up on last night’s post, in which we drew the 113 and 127% projections of the XA leg. We now see that overnight the ES moved another 12 points higher, right up to the 127%, and backed down to the 113% again.
As I suggested last night; zoom out and draw another pattern starting with XA leg from the 8/27 high :
Perfect retrace AB leg to the 78.6%XA
Perfect retrace BC leg to the 88.6%AB
If it gets over the “X” high, which is inline with the 127%BC then we can watch the XA projections starting with the 113%XA at +/- 2005.
Hope it helps in your trading.