S&P 500 E-Mini (ES_F) Elliott Wave: Buying the Dips at Blue Box

Hello fellow traders,

As our members know we have had many profitable trading setups in Indies recently.  In this technical article, we are going to present another Elliott Wave trading setup we got in SPX E-Mini ( ES_F ) . ES_F completed this correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed and discuss the corresponding trading setup in detail.

ES_F Elliott Wave 1 Hour Chart 01.09.2025

The current view indicates that ES_F is forming a wave ((4)) black correction. The price action shows an incomplete 5-wave decline from the peak, suggesting that only the first leg of the proposed correction has completed. This correction is likely unfolding as an Elliott Wave Zig-Zag pattern. We anticipate an extension toward the extreme zone at 5808–5623 area, where we are looking to re-enter as buyers.

We recommend members to avoid selling ES_F . As the main trend remains bullish, we anticipate at least a 3-wave bounce from this Blue Box area. Once the price touches the 50 fibs against the ((b)) black connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. On other hand, breaking below the 1.618 Fibonacci extension level at 5338.5 would invalidate the trade.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup

Green bullish stamp+ blue box = Buying Setup

Charts with Black stamps are not tradable. 🚫

ES_F Elliott Wave 1 Hour Chart 01.19.2025

The futures has made extension down toward Blue Box and found buyers as expected. ES_F is showing a decent bounce from the Buying Zone. Consequently, any long positions from the Blue Box should now be risk-free. We’ve set our stop loss at breakeven and have already secured partial profits. Now, we would like to see a break of the ((3)) black peak to confirm that the next leg up is in progress.

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Source: https://elliottwave-forecast.c...