Strong bullish environment

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Tenkan-Sen (Conversion Line - Blue): 4,441

Kijun-Sen (Base Line - Red): 4,287

Kumo (Cloud): The shaded area that acts as a dynamic support/resistance zone. The current price is trading above the upper edge of the cloud (Senkou Span A/B), which is generally bullish.

Chikou Span (Lagging Span - Green): The closing price shifted back in time, used to confirm the trend's momentum.

Immediate Resistance: 4,527 (The 0.786 Fibonacci retracement level, which appears to have recently acted as a minor reversal point).

Key Resistance (Recent High): 4,724 (This is the high of the recent upward move).

Fibonacci Extension Targets:

1(4,784)

1.618(4,824) (This level is often a strong target for trend continuation).

2.414(5,097) (A longer-term, more ambitious target).

Support
Ichimoku/Fibonacci Support: 4,400 (0.382 Fibonacci retracement level, near the Tenkan-Sen).

Strong Support (Kijun-Sen): 4,287

Mid-Term Support (Below Kijun-Sen): 4,335

Cloud Support: The cloud itself (Kumo) provides a broad support area.

Potential Lower Support: 4,269 (0 Fibonacci level, corresponding to a previous swing low).

Long-Term Support: 4,029 (Marked as a significant previous low).

Strong Resistance/Support Zone (Lower): 3,811 (Marked as a previous resistance level, suggesting it could act as strong support if tested).

Trade Signals (Ichimoku Confirmation)
The table at the bottom suggests a strong bullish environment:

The price is currently in a pullback phase, testing the lower support areas within the context of this strong upward trend.

Aviso legal

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