Type: Bearish Drop
Resistance: 8.315
Pivot: 7.715
1st Support: 7.365
2nd Support: 5.360
Preferred Case: On the H4, the price is showing a shoulder head pattern and below ichimoku cloud , if the pattern is confirmed, we would have a bearish bias that the price may drop from the pivot at 7.715, which is in line with the 50% fibonacci retracement and the neckline of the head shoulder pattern to the 1st support at 7.365, where the 78.6% fibonacci projection , 127.2% fibonacci extension are. If the 1st support is broken, the 2nd support could be at 5.360, which is in line with the swing low and the target price of the price pattern.
Alternative scenario: Alternatively, the price could rise to the 1st resistance at 8.315, which is in line with the 61.8% fibonacci retracement and 38.2% fibonacci retracement .
Fundamentals: No major news.
Resistance: 8.315
Pivot: 7.715
1st Support: 7.365
2nd Support: 5.360
Preferred Case: On the H4, the price is showing a shoulder head pattern and below ichimoku cloud , if the pattern is confirmed, we would have a bearish bias that the price may drop from the pivot at 7.715, which is in line with the 50% fibonacci retracement and the neckline of the head shoulder pattern to the 1st support at 7.365, where the 78.6% fibonacci projection , 127.2% fibonacci extension are. If the 1st support is broken, the 2nd support could be at 5.360, which is in line with the swing low and the target price of the price pattern.
Alternative scenario: Alternatively, the price could rise to the 1st resistance at 8.315, which is in line with the 61.8% fibonacci retracement and 38.2% fibonacci retracement .
Fundamentals: No major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。