Firstly - look at these fibs! Study them! Look at the levels how well respected they are! Amazing!
Similarly as for ES1 S&P Mini Futures, 0.236 based on Trend Based Fib Extension currently a support.
Trend based fib pulled ABC as depicted in green. Which gives fibs. Currently 0.2336 as previously mentioned as support.
Also at 0.382 speed fan support. 0.236 seems to align with the 0.618 which differs to my analysis on the futures. Depicted in blue how I pulled the levels for the speed fan.
Decending Triangle:
Bullish no doubt, the descending triangle pattern. Seems well respected now at the possible bottom.
Just an idea. Happy trading. :) Using Fibs in this example as a guide.
S&P 500 Mini Futures - FIBS - 11 March 2025 idea can be found here:
Similarly as for ES1 S&P Mini Futures, 0.236 based on Trend Based Fib Extension currently a support.
Trend based fib pulled ABC as depicted in green. Which gives fibs. Currently 0.2336 as previously mentioned as support.
Also at 0.382 speed fan support. 0.236 seems to align with the 0.618 which differs to my analysis on the futures. Depicted in blue how I pulled the levels for the speed fan.
Decending Triangle:
Bullish no doubt, the descending triangle pattern. Seems well respected now at the possible bottom.
Just an idea. Happy trading. :) Using Fibs in this example as a guide.
S&P 500 Mini Futures - FIBS - 11 March 2025 idea can be found here:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.