Type : Bearish Reversal
Resistance: 2461.5
Pivot: 2396.0
Support : 2303.0
Preferred case: We see the potential for a bearish dip from our pivot at 2396.0 in line with 78.6% Fibonacci projection towards our 1st support at 2303.0 in line with 61.8% Fibonacci retracement , 100% Fibonacci projection and 161.8% Fibonacci extension . Our bearish bias is supported by price trading under Ichimoku cloud indicator.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 2461.5 in line with 61.8% Fibonacci retracement .
Fundamentals: No major news
Resistance: 2461.5
Pivot: 2396.0
Support : 2303.0
Preferred case: We see the potential for a bearish dip from our pivot at 2396.0 in line with 78.6% Fibonacci projection towards our 1st support at 2303.0 in line with 61.8% Fibonacci retracement , 100% Fibonacci projection and 161.8% Fibonacci extension . Our bearish bias is supported by price trading under Ichimoku cloud indicator.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 2461.5 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
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.