Title
DE30 H4 | Bearish breakout

Type
Bearish  Breakout

Preference:
The price could continue the downtrend and break the pivot at 17065.2, the overlap support. Then it could fall to the 1st support at 16880.39, the swing-low support that aligns with the 78.6% Fibonacci retracement.

Alternative scenario:
It could bounce off the pivot and rise to the 1st resistance at 17170.36, the swing-high resistance.

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