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Resistance on ES Daily chart is 1076/77 then 1081. ES 1081 is symmetry based upon the distance of previous moves.
Steve,
With the overlapping lines and colors, I can't figure out the significance of the red, fuschia, and green lines. Could you briefly explain? I get the 62% retracement, but that's about it. Thanks.
Guy
I added explanation below.
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ES Daily
Posted by steve on 1st of Sep 2010 at 10:34 am
Resistance on ES Daily chart is 1076/77 then 1081. ES 1081 is symmetry based upon the distance of previous moves.
Please explain
Posted by mdgfain on 1st of Sep 2010 at 10:39 am
Steve,
With the overlapping lines and colors, I can't figure out the significance of the red, fuschia, and green lines. Could you briefly explain? I get the 62% retracement, but that's about it. Thanks.
Guy
I added explanation below.
Posted by steve on 1st of Sep 2010 at 10:41 am
I added explanation below.
Thx
Posted by mdgfain on 1st of Sep 2010 at 10:47 am