Nasdaq 100 Futures ( NQ1! ), H4 Potential for Bullish Rise

Type:
Bullish Rise

Key Levels:
Resistance:
12339.00
Pivot:
11465.00
Support:
10758.75

Preferred Case:
Looking at the H4 chart, my overall bias for CL1! 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 12339.00, where the previous swing high is.

Alternative Scenario:
Price may break the pivot at 11465.00, where the 50% Fibonacci line is, before heading towards the support 10758.75, where the previous swing low is.

Fundamentals:
There are no major news.

Source: Tickmill

Technical Analysis & Forecast 16.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave at 1.0664. After the correction, the market continues developing a decline wave

Murrey Math Lines 16.04.2024 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend. The RSI has

Ichimoku Cloud Analysis 16.04.2024 (EURUSD, USDJPY, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD is testing the lower boundary of the bearish channel. The pair is going below the Ichimoku Cloud, which suggests

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