Title: Coffee Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 174.35
Pivot: 163.80
Support: 154.30
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing low is.
Alternative scenario: Price may head back up to retest the pivot at 163.80 where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bearish Drop
Resistance: 174.35
Pivot: 163.80
Support: 154.30
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing low is.
Alternative scenario: Price may head back up to retest the pivot at 163.80 where the 50% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.