TitleDE30EUR H4 | Bearish reversal off 61.8% fibo?TypeBearish ReversalPreference:Price could continue rising towards the pivot point at 15574.3, which is an overlap resistance level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. We can expect price to react bearishly, to fall to the 1st support at 15401.7, 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 15655.3, which is an overlap resistance level, aligning with the 78.6% 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.
