Type : Bullish Rise
Resistance : 25375
Pivot: 22500
Support : 18880
Preferred Case: On the H4, with prices moving above the ichimoku cloud, we have a bullish bias that price will rise to the pivot at 22500 in line with the swing high resistance and 100% fibonacci projection. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 25375 where the pullback resistance, 50% fibonacci retracement and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 18880 in line with the swing low support.
Fundamentals: No Major News
Resistance : 25375
Pivot: 22500
Support : 18880
Preferred Case: On the H4, with prices moving above the ichimoku cloud, we have a bullish bias that price will rise to the pivot at 22500 in line with the swing high resistance and 100% fibonacci projection. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 25375 where the pullback resistance, 50% fibonacci retracement and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 18880 in line with the swing low support.
Fundamentals: No Major News
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.