Prices are facing bullish pressure from our first support which also coincides with our 23.6% fibonacci retracement, 100%, 161.8% fibonacci extension, where we could see a further upside above this level to our first resistance target. A break above our upside confirmation would provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
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.