Preferred case: Looking at the H4 chart, my overall bias for NKD1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 25610, where the previous swing low is.
Alternative scenario: Price may head back up to retest the pivot at 25960, where the 61.8% Fibonacci line is.
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