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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.