Micro E-mini S&P 500 Index Future 1hr Timeframe Analysis
Updated
1. Micro E-Mini Futures (MES) is slightly down from Dec 8 close on the 1hr
2. Price is consolidating around the 0.1 upside📈 Fibonacci
3. There is a gap to fill to the downside between 4615 and 4596 (19 ticks)
4. Long Entry on the 60min would be 0.618 (4593.75) or 4601 b/c of the psychological 4600.
> STOP🛑: 4560.50
> PT🎯: Previous HOD (right around Fib 0) @ 4666.
2. Price is consolidating around the 0.1 upside📈 Fibonacci
3. There is a gap to fill to the downside between 4615 and 4596 (19 ticks)
4. Long Entry on the 60min would be 0.618 (4593.75) or 4601 b/c of the psychological 4600.
> STOP🛑: 4560.50
> PT🎯: Previous HOD (right around Fib 0) @ 4666.
Trade closed manually
Price never came down to the 4600 psychological level or the 4593.75 level (0.618 fib to the upside).Instead price continued up and hit target of 4666.
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