ES Hour chart analysis
CHART-II
- ES Bounces from 38.2% Fib level.
- Bulls has to take price above 23.6% Fib or face another round of selling
CHART-I
- ES is moving towards 38.2% Fib level. Getting support at that level may give an up move.
- Breaking below 38.2% will lead to a retest of 200 Hour SMA.
Hi San
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