Nasdaq Futures (NQ1!), H4 Potential For A Drop!

35796 nasdaq futures nq1 h4 potential for a drop

Type: BearishKey Levels:Resistance: 14829Pivot: 14642Support: 14270Preferred Case:With price expected to reverse off the stochastics resistance, we have a bearish bias that price will from our Pivot at 14870 in line pullback support and 78.6% Fibonacci retracement towards our 1st support at 14036 in line with the pullback support and 23.6% Fibonacci retreatment.Alternative Scenario:If prices were to reverse, price may potential rise towards our 1st resistance at 15541 which is in line with the overlap resistance.Fundamentals:With the concerns over the war in Ukraine, European stocks are expected to trade lower

Source: Tickmill

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