Type: Bullish RiseKey Levels:Resistance: 12943.25Pivot: 12232.25Support: 11790.25Preferred Case:On the H4, with price moving in an ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 12232.25 at the pullback resistance in line with the 78.6% fibonacci retracement to the 1st resistance at 12943.25 at the swing high in line with 38.2% fibonacci retracement.Alternative Scenario:Alternatively, price may break the resistance at the pivot and drop to the 1st support at 11790.25 at the pullback support.Fundamentals:No Major News
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/micro-e-mini-nasdaq-futures-mnq1-h4-potential-for-bullish-rise"
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