Title
Heading into Resistance

Type
Bearish Reversal

Preference:
Price is rising towards the pivot point of 39,023.47 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 38,460.30 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.

Alternative scenario:

If price breaks above the pivot point, it could hit the 1st resistance at 39,278.85 which is a pullback resistance level.

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