Type: Bullish BounceKey Levels:Resistance: 33432.7Pivot: 32615.21Support: 31924.46Preferred Case:On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our pivot at 32615.21 where the horizontal overlap support is to our 1st resistance at 33432.7 in line with the swing high resistance.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 31924.46 where the pullback support, 78.6% fibonacci projection and 50% fibonacci retracement are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dji-us30usd-h4-or-potential-bullish-momentum6"
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