Copper Futures (HG1!), H4 Potential for Bearish Drop
Type : Bearish Drop
Resistance :3.5555
Pivot: 3.4755
Support : 3.3695
Preferred Case: On the H4, with price below the ichimoku indicator and RSI is moving within a descending trendline, we have a bearish bias that the price may drop from the pivot at 3.4755, which is in line with the overlap support to the 1st support at 3.3695, where the 61.8% fibonacci retracement and overlap support are.
Alternative scenario: Alternatively, price could rise to the 1st resistance at 3.5555, where the overlap resistance and 50% fibonacci retracement are.
Fundamentals: No Major News
Resistance :3.5555
Pivot: 3.4755
Support : 3.3695
Preferred Case: On the H4, with price below the ichimoku indicator and RSI is moving within a descending trendline, we have a bearish bias that the price may drop from the pivot at 3.4755, which is in line with the overlap support to the 1st support at 3.3695, where the 61.8% fibonacci retracement and overlap support are.
Alternative scenario: Alternatively, price could rise to the 1st resistance at 3.5555, where the overlap resistance and 50% fibonacci retracement are.
Fundamentals: No Major News
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.