On the H4, with price currently moving within the ichimoku cloud, we have a bias that price will drop to our support at 13133 in line with the 100% Fibonacci projection from our pivot at 14379 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break pivot and head for 1st resistance at 14619 in line with the horizontal swing high resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.