Type : Bearish Continuation
Resistance : 1170'2
Pivot: 1159'0
Support : 1121'4
Preferred Case: With RSI moving in a downtrend momentum and price reversing off the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 1121'4 in line with the 78.6% fibonacci projection and horizontal overlap support from our pivot at 1159'0 in line with the horizontal swing high resistance.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance at 1170'2 in line with the pullback resistance, 38.2% fibonacci retracement and 61.8% fibonacci retracement.
Fundamentals: No Major News
Resistance : 1170'2
Pivot: 1159'0
Support : 1121'4
Preferred Case: With RSI moving in a downtrend momentum and price reversing off the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 1121'4 in line with the 78.6% fibonacci projection and horizontal overlap support from our pivot at 1159'0 in line with the horizontal swing high resistance.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance at 1170'2 in line with the pullback resistance, 38.2% fibonacci retracement and 61.8% fibonacci retracement.
Fundamentals: No Major News
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.
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.