Type: Bearish Momentum
Resistance: 21.325
Pivot: 20.050
Support: 18.755
Preferred Case: The H4 price is in a downward trend. The price may drop form the pivot at 20.050, where the overlap support is to the 1st support at 18.755 where the 61.8% fibonacci retracement sits
Alternative scenario: If there is a price reversal, price will move to 21.325, where the swing high and 38.2% fibonacci retracement are.
Fundamentals: There are no major news.
Resistance: 21.325
Pivot: 20.050
Support: 18.755
Preferred Case: The H4 price is in a downward trend. The price may drop form the pivot at 20.050, where the overlap support is to the 1st support at 18.755 where the 61.8% fibonacci retracement sits
Alternative scenario: If there is a price reversal, price will move to 21.325, where the swing high and 38.2% fibonacci retracement are.
Fundamentals: There are 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.