$ES Rolled From 1.618-#fibonacci; Bears in Force | $SPX $SP500
Traders,
An expanded triangle completed at point-5 following a surgical alignment with an internal symmetry projection off of same pattern's Point-3.
Since this Fibonacci validation, price rolled below the pattern's 1-3-5 Line and is now at a point of recovery as it approaches this line's underbelly.
Look for signs of capitulation, such as repeated failure of ascent at specific, well-defined Fibonacci levels, namely:
- 0.786 = 2069.50
or
- 0.886 = 2072.25
These values should be defined by measuring the height between Point-5 and recent higher-low structure at 2048.25, yielding the price defined.
If bears retain control of the chart, I would look for failures at 2048.25, and 2014.50 as added bearish confirmation, opening the floor to levels as low as 1879, defined by a deep 0.786-Fibonacci retracement coming in near-alignment with an internal geometry core at 1870.00.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
----------
Twitter; 4xForecaster
----------
An expanded triangle completed at point-5 following a surgical alignment with an internal symmetry projection off of same pattern's Point-3.
Since this Fibonacci validation, price rolled below the pattern's 1-3-5 Line and is now at a point of recovery as it approaches this line's underbelly.
Look for signs of capitulation, such as repeated failure of ascent at specific, well-defined Fibonacci levels, namely:
- 0.786 = 2069.50
or
- 0.886 = 2072.25
These values should be defined by measuring the height between Point-5 and recent higher-low structure at 2048.25, yielding the price defined.
If bears retain control of the chart, I would look for failures at 2048.25, and 2014.50 as added bearish confirmation, opening the floor to levels as low as 1879, defined by a deep 0.786-Fibonacci retracement coming in near-alignment with an internal geometry core at 1870.00.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
----------
Twitter; 4xForecaster
----------
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.