Type : Bullish Rise
Resistance : 22.005
Pivot: 20.425
Support : 18.905
Preferred Case: On the H4, with prices breaking out of the descending trendline , we have a bullish bias that price will rise from the pivot at 20.425 where the swing low and 61.8% fibonacci retracement are to the 1st resistance at 22.005 where the overlap resistance is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 18.905 where the pullback support.
Fundamentals: Federal Reserve will have a hard time raising interest rates in an economy that is so soft. However, this is more likely than not going to be a false pretense, as inflation is still roaring.
Resistance : 22.005
Pivot: 20.425
Support : 18.905
Preferred Case: On the H4, with prices breaking out of the descending trendline , we have a bullish bias that price will rise from the pivot at 20.425 where the swing low and 61.8% fibonacci retracement are to the 1st resistance at 22.005 where the overlap resistance is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 18.905 where the pullback support.
Fundamentals: Federal Reserve will have a hard time raising interest rates in an economy that is so soft. However, this is more likely than not going to be a false pretense, as inflation is still roaring.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.