Type: Bearish Momentum
Resistance: 2418.5
Pivot: 2377.0
Support: 2305.0
Preferred case: We see the potential for a bearish continuation from our pivot level at 2377.0 along with horizontal overlap resistance towards our 1st support level at 2305.0 in line with 161.8% Fibonacci extension, 78.6% Fibonacci projection and -27.2% Fibonacci expansion.
Alternative scenario: Alternatively, the price might break our pivot structure and head for 1st resistance level at 2418.5 in line with the 78.6% Fibonacci projection.
Fundamentals: No major news.
Resistance: 2418.5
Pivot: 2377.0
Support: 2305.0
Preferred case: We see the potential for a bearish continuation from our pivot level at 2377.0 along with horizontal overlap resistance towards our 1st support level at 2305.0 in line with 161.8% Fibonacci extension, 78.6% Fibonacci projection and -27.2% Fibonacci expansion.
Alternative scenario: Alternatively, the price might break our pivot structure and head for 1st resistance level at 2418.5 in line with the 78.6% Fibonacci projection.
Fundamentals: No major news.
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.