February 27, 2013

ES Fibonacci levels

  • First chart shows hour chart with the recent fall from 78.6% Fib level
  • Second chart shows resistance levels for the current up move with 200 Hour SMA near Golden ratio.
  • Last chart shows same fib levels shown in second chart but with 4 Hour time along with Ichimoku cloud. Confluence of resistance at 4 Hour cloud the Golden ratio and 200 Hour SMA may try to stop bulls from making a bigger up move.

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