Type: Bearish Momentum
Resistance: 19.965
Pivot: 18.830
Support: 17.495
Preferred Case: The H4 price is below ichimoku cloud , The price may drop form the pivot at 18.830, where the overlap resistance is to the 1st support at 17.495 where the swing low sits
Alternative scenario: If there is a price reversal, price will move to 19.965, where the overlap resistance and 61.8% fibonacci retracement are.
Fundamentals: There are no major news
Resistance: 19.965
Pivot: 18.830
Support: 17.495
Preferred Case: The H4 price is below ichimoku cloud , The price may drop form the pivot at 18.830, where the overlap resistance is to the 1st support at 17.495 where the swing low sits
Alternative scenario: If there is a price reversal, price will move to 19.965, where the overlap resistance and 61.8% fibonacci retracement are.
Fundamentals: There are 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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