Type:
Bearish continuation
Key Levels:
Resistance:
26555
Pivot:
25960
Support:
25610
Preferred Case:
Looking at the H4 chart, my overall bias for NKD1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 25610, where the previous swing low is.
Alternative Scenario:
Price may head back up to retest the pivot at 25960, where the 61.8% Fibonacci line is
Fundamentals:
There are no major news.
Source: Tickmill