Wednesday, August 10, 2022

S&P Midcap 400 Futures (EMD1!), H4 Potential for Bullish Rise

Type: Bullish RiseKey Levels:Resistance: 2564.0Pivot: 2493.6Support: 2460.9Preferred Case:On the H4, with price moving within an ascending channel and bouncing off the ichimoku support, we have a bullish bias that price will rise from our pivot at 2493.6 where the pullback support is to the 1st resistance at 2564.0 where the swing high resistance is.Alternative Scenario:Alternatively, price could break pivot structure and drop to 1st support at 2460.9 where the pullback support, 23.6% fibonacci retracement and 78.6% fibonacci projection are.Fundamentals:No Major News

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/s-and-p-midcap-400-futures-emd1-h4-potential-for-bullish-rise10"
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