Prices are facing bullish pressure from 1st support which is in line with horizontal swing low support which is in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push up further from 1st support to 1st resistance which is in line withy 78.6% Fibonacci retracement and 127.2% Fibonacci extension. If prices push down further, it might take support from horizontal pullback support which is in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing bullish pressure from 9.69, potential for a bounce.
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.