Type : Bearish drop
Resistance : 1105'2
Pivot: 1080'2
Support : 1042'4
Preferred Case: With price expected to reverse off the stochastics indicator, we see a potential bearish continuation from our pivot level of 1080'2 which is in line with 61.8% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1042'4 which is in line with the horizontal swing low support and 61.8% Fibonacci projection .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 1105'2 in line with 61.8% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No Major News
Resistance : 1105'2
Pivot: 1080'2
Support : 1042'4
Preferred Case: With price expected to reverse off the stochastics indicator, we see a potential bearish continuation from our pivot level of 1080'2 which is in line with 61.8% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1042'4 which is in line with the horizontal swing low support and 61.8% Fibonacci projection .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 1105'2 in line with 61.8% Fibonacci retracement and horizontal pullback resistance.
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
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.