Price is approaching our first support, in line with our horizontal pullback support, 61.8% Fibonacci retracement and 127.2% Fibonacci extension. We could see a potential bounce and further rise up to our first resistance at 1959.21. It is worth noting that the price is still holding above the Ichimoku cloud in line with our bullish bias.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.