Title
US30USD H4 | Bullish bounce off 78.6% fibo?

Type
Bullish Bounce

Preference:

Price could fall to our pivot point at 33570.8, which is an overlap support level, aligning with the 78.6% fibo retracement. If price bounces off our pivot point, then price could rise towards the 1st resistance at 33898.2, which is a multi-swing high resistance level, aligning with the 61.8% fibo projection.

Alternative scenario:
If price falls below our pivot point, then price could fall further to the 1st support level at 33428.1, which is an overlap support, and at the 50% fibo retracement.

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