Type: Bullish rise!
Resistance : 14707
Pivot: 14355
Support : 14202
Preferred case: With price expected to bounce off the RSI support, we have a bullish bias that price will rise to our resistance at 14707 in line with the 61.8% Fibonacci retracement and swing high resistance from our pivot at 14355 in line with the 78.6% Fibonacci retracement and swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 14202 in line with the swing low support.
Fundamentals: With the concerns over the war in Ukraine, European stocks are expected to trade lower.
Resistance : 14707
Pivot: 14355
Support : 14202
Preferred case: With price expected to bounce off the RSI support, we have a bullish bias that price will rise to our resistance at 14707 in line with the 61.8% Fibonacci retracement and swing high resistance from our pivot at 14355 in line with the 78.6% Fibonacci retracement and swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 14202 in line with the swing low support.
Fundamentals: With the concerns over the war in Ukraine, European stocks are expected to trade lower.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.
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.