On the H4, the MACD indicator shows that price is in a bullish pressure area, while stochastics shows an upward trend, which supports our bullish bias that price will rise from the pivot at 945.2 at the overlap support and in line with the 38.2% fibonacci retracement to the resistance at 969.1 in line with the 78.6% fibonacci projection and 61.8% fibonacci retracement. Alternatively, price may break the support structure and drop to the support level at 913.5 at the swing low.
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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.