- Break below 38.2% gave 50% level. Hour is oversold so price may give an up move from here or from 61.8%(Golden Ratio).
- Bounce from these levels will have to trade above 50 Hour SMA for bigger gains to happen.
- For bears ES should close an hour below 38.2% Fib level
- 50 Hour SMA too is acting as support as of now.
- Holding this level bulls may try an up move towards the resistance line of the triangle.
- Breaking this level will favor bears.
- GBPUSD SUPPORT LINE