Prices are facing bullish pressure from horizontal swing low support which is in line with 100% Fibonacci extension and 127.2% Fibonacci retracement. Prices might push up towards 1st resistance in line with 100% Fibonacci extension and 161.8% FIbonacci retracement. If prices fall through 1st support, prices might take support from 50% Fibonacci extension and 61.8% Fibonacci retracement. Stochastics is also approaching 3.46 level, 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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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.