Nasdaq 100 Futures ( NQ1! ), H4 Potential for Bullish Rise
Title: Nasdaq 100 Futures ( NQ1! ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 12339.00
Pivot: 11465.00
Support: 10758.75
Preferred case: Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 12339.00, where the previous swing high is.
Alternative scenario: Price may break the pivot at 11465.00, where the 50% Fibonacci line is, before heading towards the support 10758.75, where the previous swing low is.
Fundamentals: There are no major news.
Type: Bullish Rise
Resistance: 12339.00
Pivot: 11465.00
Support: 10758.75
Preferred case: Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 12339.00, where the previous swing high is.
Alternative scenario: Price may break the pivot at 11465.00, where the 50% Fibonacci line is, before heading towards the support 10758.75, where the previous swing low is.
Fundamentals: There are no major news.