Type:
Bearish Drop

Key Levels:
Resistance:
2506
Pivot:
2422
Support:
2280

Preferred Case:
On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the Pivot line at 2422, where the 50% Fibonacci line and 61.8% Fibonacci projection line are located.

Alternative Scenario:
Price head back up towards the 1st resistance at 2506 where the 23.6% Fibonacci line and 100% Fibonacci projection line are located.

Fundamentals:
There are no major news.