Follow-up of my "US500 Short-Med Term Outlook" chart.
Updates:
- Removed Horizontal Lines
- Upward Parallel Channel (green) captures recent Bullish movement
- Demand Zone (white box) of keen interest if price action collapses
- Heavy emphasis on Fib Extension (line) & Retracement (dotted) aka Fibonacci Strategy - has been doing a decent job identifying key Support/Resistance levels
- Narrowed time-frame down from 4hr to 1hr for better tracking when loading new bars
Chart looks 'squished' on initial view - this is by deliberate design to capture entire Fib Extension & Retracement (so far) when you're zooming in on chart.
Boost/Follow appreciated, cheers :)
US500
ES1!
ES2!
SPX
SPY
Updates:
- Removed Horizontal Lines
- Upward Parallel Channel (green) captures recent Bullish movement
- Demand Zone (white box) of keen interest if price action collapses
- Heavy emphasis on Fib Extension (line) & Retracement (dotted) aka Fibonacci Strategy - has been doing a decent job identifying key Support/Resistance levels
- Narrowed time-frame down from 4hr to 1hr for better tracking when loading new bars
Chart looks 'squished' on initial view - this is by deliberate design to capture entire Fib Extension & Retracement (so far) when you're zooming in on chart.
Boost/Follow appreciated, cheers :)
US500
ES1!
ES2!
SPX
SPY
