Sage Investment Club

Type: Bullish ContinuationKey Levels:Resistance:7381.5Pivot: 6397.5Support: 6797.5Preferred Case:Looking at the H4 chart, my overall bias for FCE1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 7381.5, where the previous swing high is. Alternative Scenario:Price may head back down to retest the support at 6797.5, where the 50% Fibonacci line is.Fundamentals:There are no major news

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *