Type:
Bullish Continuation

Key Levels:
Resistance:
1508.75
Pivot:
1469.00
Support:
1423.25

Preferred Case:
Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is.

Alternative Scenario:
Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is.

Fundamentals:
There are no major news.