ES1! - Macro Technical Analysis - Work in Progress
Work in progress moderators.
Step 1 : Support
1. 1. Speed resistance fan drawn from monday 8 Feb 2016 to high 18 feb 2020. Support at 0.75 fib low 23 March 2020.
1.2. Speed resistance fan drawn from 23 March 2020 low to swing high (recent) Monday 10 jan 2022. Possible support at 0.75 speed fan.
Step 2: Resistance
2.1. Trend based extension from low monday 8 Feb 2016 to swing high at Monday 5th Feb 2018 to low (this is my problem for the next move current, understanding this low) aon monday 24 December 2018. 1:1 extension at 3,401.
2.2. Trend based extension from low monday 23 March 2020 to swing high at monday 31 August 2020 to low Monday 21 September 2020 gives a top of 4,617.
Point 2.2. Leaves an indifference of 5%. For now. Leaving it at that. Something is wrong. Just putting this out there as an idea for ES1!.
Step 1 : Support
1. 1. Speed resistance fan drawn from monday 8 Feb 2016 to high 18 feb 2020. Support at 0.75 fib low 23 March 2020.
1.2. Speed resistance fan drawn from 23 March 2020 low to swing high (recent) Monday 10 jan 2022. Possible support at 0.75 speed fan.
Step 2: Resistance
2.1. Trend based extension from low monday 8 Feb 2016 to swing high at Monday 5th Feb 2018 to low (this is my problem for the next move current, understanding this low) aon monday 24 December 2018. 1:1 extension at 3,401.
2.2. Trend based extension from low monday 23 March 2020 to swing high at monday 31 August 2020 to low Monday 21 September 2020 gives a top of 4,617.
Point 2.2. Leaves an indifference of 5%. For now. Leaving it at that. Something is wrong. Just putting this out there as an idea for ES1!.
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