Type:
Bearish Drop

Key Levels:
Resistance: 1784.25
Pivot: 1743.25
Support: 1717.75

Preferred Case:
On the H4, with the price moving within the descending channel and below ichimpku cloud, we have a bearish bias that the price may drop from the pivot at 1743.25, which is in line with the swing lows to the 1st support at 1717.75, where the swing low and 78.6% fibonacci retracement are.

Alternative Scenario:
Alternatively, price could drop to the 1st resistance at 1784.25, where the61.8% fibonacci retracement and swing high are.

Fundamentals:
No key news.