Type :
Bearish Drop

Key Levels:
Resistance : 1439’2
Pivot: 1394’2
Support : 1303’4

Preferred Case:
On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 1394’2 where the pullback support is. Once there is downside confirmation that price has broken pivot structure, we would expect bearish momentum to carry price to 1st support at 1303’4 where the pullback support and 161.8% fibonacci extension are.

Alternative scenario:
Alternatively, price could rise to 1st resistance at 1439’2 where the pullback resistance, 61.8% fibonacci projection and 61.8% fibonacci retracement are.

Fundamentals:
No Major News