ES1!
Couple things going on here:
- At 62% fib of most recent up move
- At support level from most recent set of higher highs
If break below support:
- Could retest 50% Fib associated with major down move, which would correspond with bottom of my risk range and oversold levels.
If support holds:
- could see 2845 (retest of 50% from most recent up move and neckline from H&S)
- test of 62% fib from major down move
- At 62% fib of most recent up move
- At support level from most recent set of higher highs
If break below support:
- Could retest 50% Fib associated with major down move, which would correspond with bottom of my risk range and oversold levels.
If support holds:
- could see 2845 (retest of 50% from most recent up move and neckline from H&S)
- test of 62% fib from major down move
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