On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will; rise from pivot at 27370 in line with the overlap support to the 1st resistance at 27740 in line with the 127.2% fibonacci extension and horizontal swing high.
Alternatively, price may break the pivot and support structure and drop to the 1st support at 27140 in line with the 78.6% fibonacci projection .
Alternatively, price may break the pivot and support structure and drop to the 1st support at 27140 in line with the 78.6% fibonacci projection .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.