Wave 3 setup on the ES yesterday May 22


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Hi Everybody,

In today’s MTPredictor video I would like to take a look at a nice example of the MTPredictor W3 (or Wave 3) setup that unfolded on the ES yesterday, May 22:

https://youtu.be/zwAmslj6frI

As you can see, the ES made its high at the 15min DP, which set the trend as down. A TS1[W3] short setup then unfolded as part of the initial correction. The decline in the afternoon reached the Typical Wave 3 WPT, which was also in the area of the larger degree DP support.

Thanks
MTPredictor

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