CAC 40 Futures ( FCE1! ), D1 Potential for Bullish continuation

Title: CAC 40 Futures ( FCE1! ), D1 Potential for Bullish continuation
Type: Bullish continuation
Resistance: 7381.5
Pivot: 6397.5
Support: 6797.5

Preferred case: Looking at the D1 chart, my overall bias for FCE1! 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 7381.5, where the previous swing high is.


Alternative scenario: Price may head back down to retest the support at 6797.5, where the 50% Fibonacci line is.

Fundamentals: There are no major news.