Type: Bearish MomentumKey Levels:Resistance: 4293.75Pivot: 4199.75Support: 3971.25Preferred Case:On the H4, with price entering a bearish pressure area on our MACD indicator, we have a bearish bias that price will drop from the pivot at 4199.75 in line with the swing high to the horizonatal support level at 3971.25 in line with the 61.8% fibonacci projection and 61.8% fibonacci retracement.Alternative Scenario:Price may reverse off the pivot and rise to the overlap resistance level at 4293.75Fundamentals:No major news
Source: Tickmill