Title: 10-YEAR T-NOTE FUTURES (ZN1!), H4 Potential for Bullish Bounce
Type : Bullish Bounce
Resistance : 120'30'5
Pivot: 118'07'0
Support : 116'17'0
Preferred Case: On the H4, with price moving in an ascending trend channel and moving above the ichimoku cloud , we have a bullish bias that price will bounce off the pivot at 118'07'0 in line with the overlap support and 38.2% fibonacci retracement to the 1st resistance at 120'30'5 at the swing high.
Alternative scenario: Alternatively, price may break the support structure at the pivot and drop to the 1st support at 116'17'0 at the overlap swing low in line with the two 61.8% fibonacci projections.
Fundamentals: US indexes moved moderately higher with better-than-expected US economic reports on Wednesday. Hence, we have a bullish view on the 10-year t-note futures.
Type : Bullish Bounce
Resistance : 120'30'5
Pivot: 118'07'0
Support : 116'17'0
Preferred Case: On the H4, with price moving in an ascending trend channel and moving above the ichimoku cloud , we have a bullish bias that price will bounce off the pivot at 118'07'0 in line with the overlap support and 38.2% fibonacci retracement to the 1st resistance at 120'30'5 at the swing high.
Alternative scenario: Alternatively, price may break the support structure at the pivot and drop to the 1st support at 116'17'0 at the overlap swing low in line with the two 61.8% fibonacci projections.
Fundamentals: US indexes moved moderately higher with better-than-expected US economic reports on Wednesday. Hence, we have a bullish view on the 10-year t-note futures.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.