Type:
Bullish Momentum
Key Levels:
Resistance:
675.00
Pivot:
661.50
Support:
654.75
Preferred Case:
On the H4 chart with price crossing the Ichimoku cloud to the upside, we are looking for price to possibly head towards the resistance at 675.00, where the 50% Fibonacci line is located.
Alternative Scenario:
Price may go back up and head towards the pivot at 661.50 where the 20% Fibonacci line is located.
Fundamentals:
There are no major news