DE30EUR H4 | Bearish reaction off 50% fibo?

Bearish Reversal


Price could rise towards our pivot point at 15476.5, which is a pullback resistance level, aligning with the 50% fibo retracement. If price reacts bearishly, then price could fall to the 1st support level at 15289.3, which is an overlap support level.

Alternative scenario:

If price breaks above the pivot point, then price could rise towards the 1st resistance at 15602.6, which is a pullback resistance level, slightly above the 61.8% fibo retracement.

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