Title : NQ1! H4 | Bullish Continuation
Title : NQ1! H4 | Bullish Continuation
Type: Bullish continuation
Resistance: 14612.50
Pivot : 14144.75
Support: 13851.50
Preferred Case: Price is near pivot level of 14144.75 in line with 38.2% Fibonacci retracement. Price can potentially continue its uptrend to 1st resistance level of 14612.50 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it shows a divergence
Alternative scenario: Price dip to 1st support level of 13851.50 in line with 78.6% Fibonacci projection and 127.2% Fibonacci retracement
Fundamentals : With impending rate hikes and Russo-Ukraine escalation, you can expect the Tech heavy NASDAQ to continue dipping. Investors continue to flock to safe haven assets leading to a downtrend continuation for NQ1!. As TA and FA do not align, we urge investors to stay on the sidelines.
Type: Bullish continuation
Resistance: 14612.50
Pivot : 14144.75
Support: 13851.50
Preferred Case: Price is near pivot level of 14144.75 in line with 38.2% Fibonacci retracement. Price can potentially continue its uptrend to 1st resistance level of 14612.50 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it shows a divergence
Alternative scenario: Price dip to 1st support level of 13851.50 in line with 78.6% Fibonacci projection and 127.2% Fibonacci retracement
Fundamentals : With impending rate hikes and Russo-Ukraine escalation, you can expect the Tech heavy NASDAQ to continue dipping. Investors continue to flock to safe haven assets leading to a downtrend continuation for NQ1!. As TA and FA do not align, we urge investors to stay on the sidelines.
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.