TypeBullish BounceSupport: 27641.42Resistance: 29486.3Pivot:28362.81Preference:Price is approaching descending trendline resistance turn support and awaiting for a bounce. We can expect price to bounce from pivot level in line with 61.8% Fibonacci retracement and 161.8% Fibonacci projection towards the 1st Resistance in line with 127.2% Fibonacci projection and 50% Fibonacci retracement.Alternative Scenario:Alternatively price can push downwards towards the 1st Support in line with 78.6% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nikkei-potential-bullish-bounce-or-4th-oct-2021"
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