GER40 H4 | Bearish Reversal off Pivot?

Title:
GER40 H4 | Bearish Reversal off Pivot?

Type
Bearish Drop

Preference:
The current price has touched the pivot line at 16299.70, a swing high resistance. Price could react bearishly off pivot and fall to 1st support level at 16045.42, a pullback support.

Alternative scenario:
Price could break through the pivot at 16299.70, a swing high resistance, moving towards 1st resistance at 16516.55, a swing high resistance.

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

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GER40 H4 | Bearish Reversal off Pivot?

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