Type: Bearish Momentum
Resistance: 627.2
Pivot: 580.7
Support: 424.6
Preferred Case: The H4 price is in a downward trend. The price may drop form the pivot at 580.7, which is in line with the 23.6% fibonacci retracement to the 1st support at 424.6, where the swing and target price of shoulder head pattern is.
Alternative scenario: If the bullish momentum continues, price will move to 627.2, where the 38.2% Fibonacci line is located.
Fundamentals: There are no major news.
Resistance: 627.2
Pivot: 580.7
Support: 424.6
Preferred Case: The H4 price is in a downward trend. The price may drop form the pivot at 580.7, which is in line with the 23.6% fibonacci retracement to the 1st support at 424.6, where the swing and target price of shoulder head pattern is.
Alternative scenario: If the bullish momentum continues, price will move to 627.2, where the 38.2% Fibonacci line is located.
Fundamentals: There are 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.