Type : Bullish Bounce
Resistance : 756'4
Pivot: 745'2
Support : 738'0
Preferred case: We see the potential for bullish bounce from our Pivot level at 756'4 in line 28.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st resistance level at 756'4 in line with 61.8% Fibonacci projection and 50% Fibonacci retracement. Our bullish bias is supported by stochastic indicator where it is at support level.
Alternative scenario: If price continues to dip, it can potentially move towards our 1st support level at 738'0 which is in line with 161.8% Fibonacci extension.
Fundamentals: No Major News.
Resistance : 756'4
Pivot: 745'2
Support : 738'0
Preferred case: We see the potential for bullish bounce from our Pivot level at 756'4 in line 28.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st resistance level at 756'4 in line with 61.8% Fibonacci projection and 50% Fibonacci retracement. Our bullish bias is supported by stochastic indicator where it is at support level.
Alternative scenario: If price continues to dip, it can potentially move towards our 1st support level at 738'0 which is in line with 161.8% Fibonacci extension.
Fundamentals: No Major News.