Micro Dow Jones Futures (MYM1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 32606
Pivot: 31864
Support : 30405
Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 31864 where the pullback resistance and 61.8% fibonacci retracement are to the 1st support at 30405 where the pullback support is.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32606 in line with pullback resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement.
Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index .
Resistance: 32606
Pivot: 31864
Support : 30405
Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 31864 where the pullback resistance and 61.8% fibonacci retracement are to the 1st support at 30405 where the pullback support is.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32606 in line with pullback resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement.
Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index .
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.