Let us look at the S&P 500 using the Fibonacci extension
tool.
Above table shows the Low(point1), High(point2) and Higher
Low(point3) for each of the Fibonacci extensions. In the current scenario the
levels in green colored box are significant support and resistances which
justifies our monthly pivot of 1444 as per the cluster of supports near it.
Happy Trading !!!
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.