Type: Bearish Reversal
Resistance: 2645
Pivot: 2607
Support: 2557
Preferred case: We see the potential for a bearish reversal from our pivot level at 2607 which is in line with 38.2% Fibonacci retracement and 100% Fibonacci projection towards our 1st support level at 2557 which is in line with 100% Fibonacci projection along with a graphical swing low support. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.
Alternative scenario: Alternatively, the price might break our pivot structure and head for 1st resistance level at 2645 in line with 61.8% Fibonacci retracement .
Fundamentals: No major news.
Resistance: 2645
Pivot: 2607
Support: 2557
Preferred case: We see the potential for a bearish reversal from our pivot level at 2607 which is in line with 38.2% Fibonacci retracement and 100% Fibonacci projection towards our 1st support level at 2557 which is in line with 100% Fibonacci projection along with a graphical swing low support. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.
Alternative scenario: Alternatively, the price might break our pivot structure and head for 1st resistance level at 2645 in line with 61.8% Fibonacci retracement .
Fundamentals: No major news.
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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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.