ES close to Monthly Up Fibonacci
The ES monthly time frame is in an up trend.
The market has a place holder Fibonacci extension
price point 4460.25 about +224 ticks above the
market. Once or if this Fibonacci extension is hit.
We will expect some sideways movement and then
a bear pull back. I plan on turning to the daily
time frame and looking for low prices in the
buy zone towards the monthly up Fibonacci.
Once or if the Monthly Up Fibonacci is hit. It will be a good idea to stay out of the market until the market pulls back and forms a low price.
The market has a place holder Fibonacci extension
price point 4460.25 about +224 ticks above the
market. Once or if this Fibonacci extension is hit.
We will expect some sideways movement and then
a bear pull back. I plan on turning to the daily
time frame and looking for low prices in the
buy zone towards the monthly up Fibonacci.
Once or if the Monthly Up Fibonacci is hit. It will be a good idea to stay out of the market until the market pulls back and forms a low price.
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