Bullish Bounce

Key Levels:
Resistance: 633'6
Pivot: 626'2
Support: 615'0

Preferred Case:
With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 633'6 in line with the horizontal pullback resistance from our pivot of 626'2 in line with the 61.80% Fibonacci retracement and horizontal pullback support.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st support at 615'0 in line with the horizontal swing low support and 78.60% Fibonacci retracement.

No Major News