Title
US30USD H4 | Bullish bounce off 38.2% fibo?

Type
Bullish Bounce

Preference:
Price is approaching our pivot point at 34693.12, which is an overlap support level, aligning with the 38.2% fibo retracement. If price bounces off the pivot point, then price could rise towards the 1st resistance at 35048.11, which is an overlap resistance level.

Alternative scenario:
If price breaks below the pivot point, then price could fall to the 1st support at 34479.77, which is placed slightly below the previous low, and at the 61.8% fibo retracement.

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