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NK2251!, H4 Potential For Bearish Drop

41338 nk2251 h4 potential for bearish drop

Type:Bearish dropKey Levels:Resistance: 26900Pivot: 26110Support: 24830Preferred Case:on the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from the pivot at 26110 in line with the 100% fibonacci projection and overlap support to the 1st support at 24830 in line with the horizontal swing low.Alternative Scenario:alternatively, price may rise from the pivot to the 1st pullback resistance at 26900 in line with 78.6% fibonacci projection and 50% fibonacci retracement .Fundamentals:No major news

Source: Tickmill

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