Title
Potential Bullish Bounce

Type
Bullish Rise

Preference:
Price has just reacted off a pullback support that aligns with the 61.8% Fibonacci retracement level and momentum could carry price higher. Pivot point is at the market price of 82.725 and bullish momentum could carry price up to its 1st resistance at 84.088 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.

Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 81.976 which is a pullback support that aligns close to the 78.6% Fibonacci retracement level.

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