April 11, 2011

ES Fibonacci levels

CHART-II
  • ES Breaks 1318.50. If price sustains below 1318.50 then it can drift lower towards 1313 level which is the next Support level in chart.
CHART-I
  • ES seems to be stuck in a small range.
  • 15 Minutes chart with Fib levels shows price moving between 38.2% - 61.8%.
  • Decisive Break from these two fib levels can give the next direction towards 1335 or 1318. 
  • TREND OF EURUSD

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