DJI is facing bearish pressure below pivot, potential reversal.
Description:
Price drifting sideways holding below key 61.8% Fibonacci retracement. A short term intraday drop below our pivot at 31038.3 towards graphical swing low support and 1st support at 30637.5 could be possible. Otherwise, failure to hold below pivot will see price swing towards 1st resistance at 31263.6
Pivot: 31038.3
Supporting Points:
61.8% Fibonacci retracement
1st Support: 30637.5
Supporting Points:
Graphical swing low support
1st Resistance: 31263.6
Supporting Points:
100% Fibonacci extension and Graphical swing high resistance
Trading FX & CFDs carries high risk.
Price drifting sideways holding below key 61.8% Fibonacci retracement. A short term intraday drop below our pivot at 31038.3 towards graphical swing low support and 1st support at 30637.5 could be possible. Otherwise, failure to hold below pivot will see price swing towards 1st resistance at 31263.6
Pivot: 31038.3
Supporting Points:
61.8% Fibonacci retracement
1st Support: 30637.5
Supporting Points:
Graphical swing low support
1st Resistance: 31263.6
Supporting Points:
100% Fibonacci extension and Graphical swing high resistance
Trading FX & CFDs carries high risk.