Type: Bullish RiseKey Levels:Resistance: 4300.25Pivot: 4090Support: 3977Preferred Case:On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our pivot at 4090 in line with our 38.2% fibonacci retracement and overlap support to our 1st resistance at 4300.25 in line with the 61.8% fibonacci retracement at the horizontal pullback swing high.Alternative Scenario:Alternatively, price may break support structure at the pivot and drop to the 1st support at 3977 in line with the 78.6% fibonacci projection.Fundamentals:No major news
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/s-and-p500-h4-potential-for-bullish-momentum"
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