15 Minutes.
As expected
The gap down yesterday allowed going long around 455.5 for a target of 457-457.5.
I will consider today's few fibs.
In 60 minutes I will take the rise from 446.09 to 459.64.
So far
So it is bullish. But in hourly and day we find too much gap between 9,21 average. So we need consolidation around 451-453 levels for averages to catch up.
If we consider the rise of 455.23 to 456.78 we find that 456.5-456.7 is approximately 61.8 retrace for the fall of 457.58 to 455.23.
So today holding 455-455.6 levels which is 200 averages in 15 minutes and 61.8% retrace for the last rise uptrend continues for a possible target of 458 levels. The uptrend is confirmed only above 459 for 462 levels.
I feel consolidation on way of seeing higher time frames.
The Elliott oscillator does not support an uptrend and so do the stochastics which do not have a black bar on top for my uptrend setup to work. They also suggest sideways.