TitleNK2251!, H4 | Potential Bearish ContinuationTypeBearish ReversalResistance: 26138.15Pivot: 25614.96Support: 24551.71Preference:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will continue to drop from the pivot at 25614.96 in line with the pullback resistance, swing low and 100% fibonacci projection to the 1st support at 24551.71 in line with the horizontal swing low.Alternative Scenario:Alternatively, price may reverse off the pivot and rise to the 1st resistance at 26138.15 in line with the 23.6% fibonacci retracement and overlap resistance.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nk2251-h4-or-potential-bearish-continuation"
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