Type : Bullish bounce Resistance : 1757'4 Pivot: 1658'6 Support : 1583'2 Preferred case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1757'4 in line with the horizontal swing high resistance from our pivot at 1658'6 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1583'2 in line with the horizontal swing low support.