ES Daily Harmonic Elliott Wave Analysis

Overview: in the update of yesterday, we expected that "we are in wave (C) of 5 of c of (y) of b. Note that if we lose the ascending channel, the chances are high that we have peaked, either to make an X and a third zigzag or to initiate the next bearish leg."

Update: we did not make a higher high and lost the ascending channel, signaling that the peak for (y) of b is set. Now, what I expect is that we have completed a second (x) and will go higher to complete a third zigzag and set the top for wave b.

Again, if we lose the ascending channel, it means wave b has completed as a double zigzag and we have initiated leg c.