Type:
Bearish Drop

Key Levels:
Resistance:
154.30
Pivot:
164.00
Support:
142.05

Preferred Case:
Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is.

Alternative Scenario:
Price may head back up to retest the resistance at 154.30, where the 38.2% Fibonacci line is.

Fundamentals:
There are no major news.