Title
US30USD H4 | Bearish reaction off 23.6% Fibo?

Type
Bearish Reversal

Preference:

Price has reached our pivot point at 34557.89, which is an overlap resistance level, and at the 23.6% fibo retracement. If price closes below our pivot point on the H4 timeframe, then price could fall to our 1st support at 34236.71, which is a swing low support level.

Alternative scenario:

If price breaks above the pivot point, then price could rise towards the 1st resistance at 34886.64, which is a pullback resistance level, and at the 50% fibo retracement.

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