This is a 2nd Fibo in 1 hour in up trend. If Market Rally up and break 11706 then the 1st target would be 11972. and 2nd Final target is 12315.
If the candle breeaks the inner red trend line to down wards then there is chance it could come to test 0.618 in downward or could move up from 0.5 of down fibo.
If the Candle breaks the outer blue line then its...
Oct 20th Update :
Since the up fibo is still valid as the A of its not break so the up target 11549 is still valid. However to find out that how further
NQ goes down i made another fibo based on the change of trend to sell by breaking of the
Red counter trendline. Where it shows that market retraced 786 so the expansion on
downward target will 0.27 which is...
1 hour Time Frame in NQ is in uptrend if it breaks the outer up trend line and resistance Price at 11134
And re test it then the chances of the market to hit up Fibo target 11549 as it already retraced it to 0.618.
