Type:
Bullish Bounce
Key Levels:
Resistance: 35508.28
Pivot: 34117.23
Support: 33492.68
Preferred Case:
On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from our pivot at 34117.23 where the pullback support is to the 1st resistance at 35508.28 where the swing high resistance, 161.8% fibonacci extension and -61.8% fibonacci expansion are.
Alternative Scenario:
Alternatively, price could break pivot structure and drop to 1st support at 33492.68 where the pullback
Source: Tickmill