TitleDE30EUR H4 | Bearish reaction off 50% fibo?TypeBearish ReversalPreference:Price could rise towards our pivot point at 15476.5, which is a pullback resistance level, aligning with the 50% fibo retracement. If price reacts bearishly, then price could fall to the 1st support level at 15289.3, which is an overlap support level.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance at 15602.6, which is a pullback resistance level, slightly above the 61.8% fibo retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
