Type : Bullish continuation
Resistance : 797'4
Pivot: 763'2
Support : 778'2
Preferred Case: With price expected to reverse off the stochastics indicator, we are bias that price will drop to our 1st support of 728'4 in line with the 38.2% Fibonacci retracement and 78.6% Fibonacci retracement area from our pivot of 763'2 in line with the horizontal swing high resistance and 61.8% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 778'2 in line with the horizontal swing high resistance.
Fundamentals: No major news event.
Resistance : 797'4
Pivot: 763'2
Support : 778'2
Preferred Case: With price expected to reverse off the stochastics indicator, we are bias that price will drop to our 1st support of 728'4 in line with the 38.2% Fibonacci retracement and 78.6% Fibonacci retracement area from our pivot of 763'2 in line with the horizontal swing high resistance and 61.8% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 778'2 in line with the horizontal swing high resistance.
Fundamentals: No major news event.
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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.