Type: Bearish DipKey Levels:Resistance: 13946Pivot: 13484 Support: 12294Preferred Case:Price is near pivot level of 13484 in line with the horizontal overlap resistance. Price can potentially dip to the support level of 12294 in line with 100% Fibonacci projection. Our bearish bias is supported by the Ichimoku cloud indicator. Alternative Scenario:Alternatively, price could break pivot structure and head for our 1st resistance level of 13946 in line with the horizontal overlap resistance Fundamentals: With the ongoing Russia- Ukraine tension, we can expect to see bearishness in the US indices.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nasdaq-nq1-h4-potential-for-bearish-dip8"
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