Title
Potential Bearish Reversal
Type
Bearish Reversal
Preference:
Price has just reversed off the pivot point of 184.063 which is a multi-swing-high resistance level and could potentially drop lower from here; we could see momentum carry price down to its 1st support at 181.902 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Alternative scenario:
If price breaks above the pivot point, it could hit the 1st resistance at 185.053 which is a pullback resistance level.
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Source: Tickmill