Tag: tickmill
Type: Bearish ReversalKey Levels:Resistance: 1947.2Pivot: 1938.4Support: 1895Preferred Case:Prices have broken out of our ascending trendline. We see the potential for further bearish continuation from our Pivot at 1938.4 in line with 61.8% Fibonacci retracement towards our 1st support at 1895 in line with 61.8% Fibonacci Projection. Prices are trading below the Ichimoku cloud, further supporting […]
Type: Bullish BounceKey Levels:Resistance: 98.308Pivot: 97.72Support: 97.3Preferred Case:Prices have approached a pivot. We see the potential for a bounce from our Pivot at 97.72 in line with 100% Fibonacci Projection towards our 1st resistance at 98.308 in line with 61.8% Fibonacci Projection. RSI is at levels where bounces previously occurred.Alternative Scenario:Alternatively, prices may dip further […]
Type: Bullish ReversalKey Levels:Resistance: 1965.9Pivot: 1933.7Support: 1921.3Preferred Case:Prices have consolidated in an inverse head and shoulders pattern. We see the potential for a bounce from our Pivot at 1933.7 which is the break of the inverse head and shoulders neckline towards our 1st resistance at 1965.9 in line with 127.2% Fibonacci Projection . Our bullish […]
Type: Bullish BounceKey Levels:Resistance: 0.92986Pivot: 0.92224Support: 0.91622Preferred Case:On the H4, with price expected to bounce off the support of the stochastics indicator and the descending channel, we have a bias that price will rise to our 1st resistance at 0.92986 in line with the 50% Fibonacci retracement from our pivot at 0.92224 in line with […]
Type: Bearish DropKey Levels:Resistance: 108.74Pivot: 100.05Support: 94.45Preferred Case:Prices are consolidating in a triangular pattern. We see the potential for a dip from our pivot at 100.05 which is a graphical overlap and in line with an area of Fibonacci confluences towards our 1st support at 94.45 in line with 61.8% Fibonacci Projection.Alternative Scenario: Alternatively, price […]
Type: Bullish ReversalKey Levels:Resistance: 25.055Pivot: 24.670Support: 24.510Preferred Case:Prices have bounced off We see the potential for further bearish continuation from our Pivot at 24.670 which is a graphical swing low towards our 1st resistance at 25.055 in line with 61.8% Fibonacci retracement. Prices are trading above our Ichimoku cloud support, further supporting our bullish bias.Alternative […]
Type: Bearish ReversalKey Levels:Resistance: 1933.7Pivot: 1927Support: 1895.2Preferred Case:Prices have recently broken out of our descending trendline. We see the potential for further bearish continuation from our Pivot at 1927 in line graphical overlap and area of Fibonacci confluences towards our 1st support at 1895.2 in line with 100% Fibonacci Projection . Our bearish bias is […]
Type: Bearish DipKey Levels:Resistance: 219.25Pivot: 217.20Support: 212.45Preferred Case:We see the potential for bearish reversal from our Pivot level at 217.50 in line 23.6% Fibonacci retracement towards our 1st Support at 212.45 in line with 61.8% Fibonacci projection. Our bearish bias is supported by price trading below the Ichimoku cloud indicator.Alternative Scenario:If price continues to go […]
Type: Bearish DropKey Levels:Resistance: 1045’0Pivot: 1031’0Support: 977’2Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our pivot at 1031’0 which is a graphical overlap and in line with an area of Fibonacci confluences towards our 1st support at 977’2 in line with 200% Fibonacci […]
Type: Bearish ReversalKey Levels:Resistance: 25.140Pivot: 25.055Support: 24.690Preferred Case:Prices have recently broken out of our ascending trendline support and are on bearish momentum. We see the potential for further bearish continuation from our Pivot at 25.055 which is a graphical overlap towards our 1st support at 24.690 in line with 38.2% Fibonacci retracement. Prices testing the […]