Type: Bearish ReversalKey Levels:Resistance: 34386Pivot: 34039 Support: 32273Preferred Case:On the H4 timeframe, We see the possibility of bearish continuation from our pivot at 34039 in line with horizontal overlap resistance and 61.8% Fibonacci retracement towards our 1st support at 32273 in line with the horizontal swing low support. Our bearish bias is further supported by how price is moving below the Ichimoku cloud.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 34386 in line with the 78.6% Fibonacci retracement level.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/us30-h4-or-potential-bearish-drop"
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