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US30, H4 I Potential Drop

31071 us30 h4 i potential drop

Type: Bearish ReversalKey Levels:Resistance: 34682Pivot: 34364Support: 33678Preferred Case:With price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop from our pivot at 34364 in line with the horizontal swing high resistance and 61.8% Fibonacci retracement to 1st support at 33678 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 34682 where the 61.8% Fibonacci retracement is.

Source: Tickmill

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