Type: Bearish drop
Resistance : 15008
Pivot: 14912
Support : 14723
Preferred case: With price moving close to the ichimoku cloud resistance, we have a bearish bias that price will drop from our Pivot at 14912 in line pullback resistance and 78.60% Fibonacci retracement towards our 1st support at 14723 in line with the latest swing low support and 127.20% Fibonacci retracement.
Alternative scenario: If prices were to reverse, price may potential rise towards our 1st resistance at 15008 which is in line with the pull back resistance and 78.6% Fibonacci retracement level.
Fundamentals: Federal Reserve officials warn steeper rate hikes may be necessary to subdue the hottest inflation in four decades which causes investors selling their bonds.
Resistance : 15008
Pivot: 14912
Support : 14723
Preferred case: With price moving close to the ichimoku cloud resistance, we have a bearish bias that price will drop from our Pivot at 14912 in line pullback resistance and 78.60% Fibonacci retracement towards our 1st support at 14723 in line with the latest swing low support and 127.20% Fibonacci retracement.
Alternative scenario: If prices were to reverse, price may potential rise towards our 1st resistance at 15008 which is in line with the pull back resistance and 78.6% Fibonacci retracement level.
Fundamentals: Federal Reserve officials warn steeper rate hikes may be necessary to subdue the hottest inflation in four decades which causes investors selling their bonds.
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.