Prices are facing bullish pressure from ascending trendline support, which coincides with horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards 1st resistance in line with horizontal swing high resistance, in line with 161.8% Fibonacci extension and 100% Fibonacci extension. If prices fall through 1st support, prices might take support on 2nd support, in line with 127.2% Fibonacci retracement and 78.6% Fibonacci extension. Stochastics is also approaching a 10.23 support level, with 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
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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.