Type : Bullish Rise Resistance : 33432 Pivot: 31862 Support : 30966
Preferred Case: On the H4, with price moving along the ascending trendline and breaking above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 31862 where the pullback support is to the 1st resistance at 33432 where the overlap resistance, 78.6% fibonacci retracement and 61.8% fibonacci retracement sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 30966 where the swing low support and 78.6% fibonacci retracement are.
Fundamentals: Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index
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