Type : Bullish Bounce
Resistance : 1718'6
Pivot: 1692'4
Support : 1676'4
Preferred Case: With MACD moving in a bullish momentum and prices breaking the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at
1718'6 in line with the 61.8% Fibonacci projection and horizontal swing high resistance from our pivot of 1692'4 in line with the horizontal pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1676'4 in line with the horizontal swing low support and 38.2% Fibonacci retracement .
Fundamentals: No Major News
Resistance : 1718'6
Pivot: 1692'4
Support : 1676'4
Preferred Case: With MACD moving in a bullish momentum and prices breaking the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at
1718'6 in line with the 61.8% Fibonacci projection and horizontal swing high resistance from our pivot of 1692'4 in line with the horizontal pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1676'4 in line with the horizontal swing low support and 38.2% Fibonacci retracement .
Fundamentals: No Major News
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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.
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.