Type: Bearish Momentum
Resistance: 1740.1
Pivot: 1673.8
Support: 1587.0
Preferred Case: The H4 price is in a downward channel and below ichimoku cloud . The price may drop form the pivot at 1673.8, where the overlap resistance is to the 1st support at 1587.0 where the 127.2% fibonacci extension and 78.6% fibonacci projection sits
Alternative scenario: If there is a price reversal, price will move to 1740.1, where the swing highs are.
Fundamentals: There are no major news.
Resistance: 1740.1
Pivot: 1673.8
Support: 1587.0
Preferred Case: The H4 price is in a downward channel and below ichimoku cloud . The price may drop form the pivot at 1673.8, where the overlap resistance is to the 1st support at 1587.0 where the 127.2% fibonacci extension and 78.6% fibonacci projection sits
Alternative scenario: If there is a price reversal, price will move to 1740.1, where the swing highs are.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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.
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.