Title:
GER40 H4 | Bearish reversal off pivot point?

Type
Bearish reversal

Preference:
The price is reacting off our pivot point at 16446.31, which is a swing high resistance. The price could fall to 1st support level at 15988.32, which is a pull back resistance.

Alternative scenario:
The price could break the pivot point at 16446.31, which is a swing high resistance and rise towards our 1st resistance at 16517.99, a pullback resistance level.

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