Bullish Rise

Key Levels:
Resistance: 236. 40
Pivot: 220.00
Support: 207.60

Preferred Case:
On the H4, with price moving above the ichimoku cloud and the MACD histogram is above zero, we have a bullish bias that price will rise from our pivot at 220.00 where the pullback resistance and 61.8% fibonacci retracement are. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 236. 40 where the swing high resistance is.

Alternative Scenario:
Alternatively, price could drop to 1st support at 207.60 where the swing low support is.

No key news