Type: Bearish ReversalKey Levels:Resistance: 4646.93Pivot: 4621.66Support: 4512.86Preferred Case:Prices are at a pivot. We see the potential for a dip from our Pivot at 4621.66 which is an area of Fibonacci confluences towards our 1st support at 4512.86 in line with 23.6% Fibonacci retracement. RSI is at levels where dips previously occurred.Alternative Scenario:Alternatively, prices may climb higher towards our 1st resistance at 4646.93 in line with 161.8% Fibonacci Projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/s-and-p-500-h4-or-potential-for-dip"
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