Type : Bullish Rise
Resistance : 1809.50
Pivot: 1784.50
Support : 1764.75
Preferred Case: On the H4, with price moving above the ichimoku indicator and moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 1784.50 where the 23.6% fibonacci retracement is to the 1st resistance at 1809.5 where the overlap resistance is.
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 1764.75 where the 38.2% fibonacci retracement and swing low are.
Fundamentals: no key news.
Resistance : 1809.50
Pivot: 1784.50
Support : 1764.75
Preferred Case: On the H4, with price moving above the ichimoku indicator and moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 1784.50 where the 23.6% fibonacci retracement is to the 1st resistance at 1809.5 where the overlap resistance is.
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 1764.75 where the 38.2% fibonacci retracement and swing low are.
Fundamentals: no key 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.