Type : Bearish Dip
Resistance : 14006
Pivot: 13672
Support : 13085
Preferred Case: Price is near pivot level of 14006 in line with the horizontal overlap resistance. Price can potentially dip to the support level of 13085 in line with 78.6% Fibonacci projection. Our bearish bias is supported by the ichimoku cloud indicator.
Alternative scenario: Alternatively, price could break pivot structure and head for our 1st resistance level of 14006 in line with the horizontal overlap resistance
Fundamentals: With the ongoing Russia- Ukraine tension, we can expect to see bearishness in the US indices.
Resistance : 14006
Pivot: 13672
Support : 13085
Preferred Case: Price is near pivot level of 14006 in line with the horizontal overlap resistance. Price can potentially dip to the support level of 13085 in line with 78.6% Fibonacci projection. Our bearish bias is supported by the ichimoku cloud indicator.
Alternative scenario: Alternatively, price could break pivot structure and head for our 1st resistance level of 14006 in line with the horizontal overlap resistance
Fundamentals: With the ongoing Russia- Ukraine tension, we can expect to see bearishness in the US indices.
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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.