2/6/20 Structure Reveals Itself!

4:15am EST. We decided to zoom out for better perspective as price progression in the ES was looking incomplete- most notably with the current leg that goes straight up from the low (so far). We noticed that we had plotted in some speculative triangular (megaphone?) lines back on 1/8/20 and now we see an alignment with 5 connected fibonacci extensions as shown (white arrows). In this attempt to define the structure, the current leg could be the upward sub-leg of the "C" move. That might also explain it's lack of zig-zag on a daily scale. The "C" leg has a pending structural analysis which we will show when it is further along. In this scenario the orange top flag was the top of the sub leg that tested back towards the central area of the developing structure. It did not qualify out of the gate as a higher degree red flag by the bots so that does fit with the decline at that juncture.

NOTE- A structural analysis target was tagged on the ES overnight - 3357.75. This was from an August 2019 layout origin. See chart 2 below. It could be a target for the cash market.

Our bots will flag a "V" when they see a top.  (1/25/20 Top Flagged!)
Our favorite go to site- McVerry Report
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Chart 1 of 3: (see chart 3 below for a multi-year summation study update)

Chart 2 of 3: Zoomed out for further potential alignments:

Chart 3 of 3: Top Degree Review:
See the top degree study as background info (lower chart on page that opens in new window):