Type: Bullish BreakoutKey Levels:Resistance: 4301.57Pivot: 4080.88Support: 3812.69Preferred Case:On the H4, with MACD indicating a green bullish area, it supports our bullish bias that price will rise from our pivot at 4080.88 in line with 38.2% Fibonacci retracement and horizontal overlap resistance, to our 1st resistance at 4301.57 in line with the 61.8% Fibonacci retracement.Alternative Scenario:Price may reverse and approach 1st support at 3812.69 in line with the 61.8% Fibonacci projection and swing low.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/s-and-p500-h4-or-potential-bullish-continuation"
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