Type : Bearish drop
Resistance : 1759'2
Pivot: 1728'4
Support : 1637'4
Preferred case: With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728'4 in line with the 61.8% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1759'2 in line with the horizontal swing high resistance and 127% Fibonacci extension
Fundamentals: No major news
Resistance : 1759'2
Pivot: 1728'4
Support : 1637'4
Preferred case: With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728'4 in line with the 61.8% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1759'2 in line with the horizontal swing high resistance and 127% Fibonacci extension
Fundamentals: No major news
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.