Title
US30USD H4 | Bullish reversal off pivot?

Type
Bullish Bounce

Preference:

Price is approaching our pivot point at 32887.4, which is a multi-swing low support level. If price bounce off the pivot point, price could potentially reverse from here and become bullish, to rise to the 1st resistance at 33247, which is a multi-swing high resistance level.

Alternative scenario:

If price breaks below the pivot point, then price could fall to the 1st support level at 32594.9, which is a multi-swing low support level, aligning with the 161.8% fibo extension.

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