Micro E-mini S&P 500 Index Future 1hr Timeframe Analysis
1. Micro E-Mini Futures (MES) is slightly down from Dec 8 close on the 1hr
2. Price is consolidating around the 0.1 upside📈 Fibonacci
3. There is a gap to fill to the downside between 4615 and 4596 (19 ticks)
4. Long Entry on the 60min would be 0.618 (4593.75) or 4601 b/c of the psychological 4600.
> STOP🛑: 4560.50
> PT🎯: Previous HOD (right around Fib 0) @ 4666.
2. Price is consolidating around the 0.1 upside📈 Fibonacci
3. There is a gap to fill to the downside between 4615 and 4596 (19 ticks)
4. Long Entry on the 60min would be 0.618 (4593.75) or 4601 b/c of the psychological 4600.
> STOP🛑: 4560.50
> PT🎯: Previous HOD (right around Fib 0) @ 4666.
Trade closed manually:
Price never came down to the 4600 psychological level or the 4593.75 level (0.618 fib to the upside).
Instead price continued up and hit target of 4666.
Instead price continued up and hit target of 4666.