Type:
Bearish Drop

Key Levels:
Resistance:
1535.00
Pivot:
1492.25
Support:
1457.75

Preferred Case:
Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 1457.75, where the 61.8% Fibonacci line is.

Alternative Scenario:
Price may head back up to retest the pivot at 1492.25, where the 38.2% Fibonacci line is.

Fundamentals:
There are no major news.