[Tasuki]

Here's another view of Waveslider's daily ES chart. The only thing I've added is a notation that the test of the upper median line was done with what Tim Morge calls "good separation". In other words, price touched that line and then strongly recoiled from it. In pitchfork terms, this strengthens the belief that the median line was being "respected".

Unfortunately, we've now come up to that upper line a second time, and price has not rejected it as fast as it did the first time. This is not so good for the bearish case. If this AP is going to hold, we're going to need to see price pull back from this upper line fairly quickly. It will be very interesting to see how this plays out.