Preferred case: Looking at the D1 chart, my overall bias for FCE1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 7381.5, where the previous swing high is.
Alternative scenario: Price may head back down to retest the support at 6797.5, where the 50% Fibonacci line is.
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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