Title: NQ1! 100 E-mini Futures, H4 Potential for Bullish Momentum
Type : Bullish Rise
Resistance : 13558.50
Pivot: 12806.75
Support : 12565.5
Preferred Case: On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 12806.75 in line with the overlap support to the overlap resistance at 13558.50 within the area of the 78.6% fibonacci projection and 50% fibonacci retracement.
Alternative scenario: Alternatively, price may reverse off the pivot and head for the 1st support at 12565.5 in line with the overlap horizontal support
Fundamentals: US employment and wages continue to rise, contributing to ongoing inflation rates, thus we have a weak to bullish view.
Type : Bullish Rise
Resistance : 13558.50
Pivot: 12806.75
Support : 12565.5
Preferred Case: On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 12806.75 in line with the overlap support to the overlap resistance at 13558.50 within the area of the 78.6% fibonacci projection and 50% fibonacci retracement.
Alternative scenario: Alternatively, price may reverse off the pivot and head for the 1st support at 12565.5 in line with the overlap horizontal support
Fundamentals: US employment and wages continue to rise, contributing to ongoing inflation rates, thus we have a weak to bullish view.