Type: Bearish DropKey Levels:Resistance: 14619 Pivot: 14379 Support: 13133Preferred Case:On the H4, with price currently moving within the Ichimoku cloud , we have a bias that price will drop to our support at 13133 in line with the 100% Fibonacci projection from our pivot at 14379 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance. Alternative Scenario: Alternatively, price may break pivot and head for 1st resistance at 14619 in line with the horizontal swing high resistance.Fundamentals: With the removal of Russia from the swift banking system, it is unsure what ramifications US economy will face with increase sanctions against one of the major economies in the world. With increase pressure, NASDAQ may continue its downwards spiral.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nasdaq-100-e-mini-h4-potential-bearish-drop"
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