Type: Bearish ReversalKey Levels:Resistance: 14929Pivot: 14608Support: 13837Preferred Case:On the H4, with price moving into a bearish pressure area, we have a bearish bias that price will drop from the pivot at 14608 in line with the multiple swing highs to the 1st support at 13837 in line with the 78.6% fibonacci projection, 78.6% fibonacci retracement and swing low.Alternative Scenario:Alternatively, price may reverse off the pivot and rise to the 1st resistance at 14929 in line with the 78.6% fibonacci projection.
Source: Tickmill
