Based on a Fibonacci starting at the low Monday February 26th and running to the high (wick) Wednesday February 28th and resistance at the 0.5 Fibonacci on the 27th...
Thinking 57,600.00 is a possible limit order especially If volume decreases.
The directional index and ADX are slowly trending down on the hourly chart. The Squeeze momentum indicator is heavy green but slowly trending down as well.
The 57,600.00 is a bit of an optimists limit order and I am in based on the "why not" theory.
Note the 200ma (white) is right on the 0.786 fib and a possible wick buy as well.
Using an hourly chart because it's what most play on short candles. Compare and 45min, 4h and daily as well.
Thinking 57,600.00 is a possible limit order especially If volume decreases.
The directional index and ADX are slowly trending down on the hourly chart. The Squeeze momentum indicator is heavy green but slowly trending down as well.
The 57,600.00 is a bit of an optimists limit order and I am in based on the "why not" theory.
Note the 200ma (white) is right on the 0.786 fib and a possible wick buy as well.
Using an hourly chart because it's what most play on short candles. Compare and 45min, 4h and daily as well.