Type : Bearish drop
Resistance : 1728'4
Pivot: 1691'6
Support : 1637'4
Preferred case: With price expected to reverse off the ichimoku cloud resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 61.8% Fibonacci projection from our pivot at 1691'6 in line with the 50% Fibonacci retracement .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1728'4 in line with the horizontal swing high resistance and 127% fibonacci extension
Fundamentals: No major news.
Resistance : 1728'4
Pivot: 1691'6
Support : 1637'4
Preferred case: With price expected to reverse off the ichimoku cloud resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 61.8% Fibonacci projection from our pivot at 1691'6 in line with the 50% Fibonacci retracement .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1728'4 in line with the horizontal swing high resistance and 127% fibonacci extension
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.