S&P 500 Futures ( ES1! ), H4 Potential for Bullish Continuation
Title: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 4173.25
Pivot: 3913.25
Support: 3751.75
Preferred case: We have a bullish bias on the H4 chart. Furthermore, the price is above the Ichimoku cloud, indicating that the market is bullish. If the bullish momentum continues, price may move towards the 4173.25 resistance level, where the 78.6% Fibonacci Fibonacci line is.
Alternative scenario: Price may retest the pivot line at 3913.25, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 4173.25
Pivot: 3913.25
Support: 3751.75
Preferred case: We have a bullish bias on the H4 chart. Furthermore, the price is above the Ichimoku cloud, indicating that the market is bullish. If the bullish momentum continues, price may move towards the 4173.25 resistance level, where the 78.6% Fibonacci Fibonacci line is.
Alternative scenario: Price may retest the pivot line at 3913.25, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
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