Type : Bearish Continuation
Resistance : 1697'0
Pivot: 1685'0
Support : 1667'2
Preferred Case: With price moving below the ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 1667'2 in line with the 78.6% fibonacci projection and swing low support from our pivot at 1685'0 in line with the horizontal overlap resistance,38.2% fibonacci retracement and 61.8% fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance at 1697'0 in line with the overlap resistance and 61.8% fibonacci retracement.
Fundamentals: No Major News
Resistance : 1697'0
Pivot: 1685'0
Support : 1667'2
Preferred Case: With price moving below the ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 1667'2 in line with the 78.6% fibonacci projection and swing low support from our pivot at 1685'0 in line with the horizontal overlap resistance,38.2% fibonacci retracement and 61.8% fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance at 1697'0 in line with the overlap resistance and 61.8% fibonacci retracement.
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.