$MES1! Could Drop to Oct 2022's Fib 0.618 Level @ 4,520

50
Monthly (April 2025)
- #TheStrat: 2u-2d-2d continuation
- Price stopped at the monthly 0.50 fib (Oct 2022 - Feb 2025)

Weekly (Mon April 7 - Sat, April 12)
- 2u-2d-2d continuation
- 4072 - 4520 is the range of 0.786 and 0.618, respectively.
- 4834 is the 0.5 fibonacci, short term reversal

Daily (Wed, April 9)
- 2u-2u-2d reversal
- potential support is 0.5 fib @ 4834
- RSI at 20 (low) and MACD still red

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.