Below is a Weekly chart of the ES. On it are four sets of Fibonacci drawings (one Fib Retracement, one External Fib Retracement, one Fib Extension, and one Fib Fan Lines). I've shown Fibonacci confluence zones, if price were to continue falling (at some point), as follows:
1st level: 1068 - 1100
2nd level: 984 - 1020
3rd level: 900 - 936
Possible targets? Yes. Probable? Time will tell.
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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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