Falling to Pullback Support
Title
Falling to Pullback Support
Type
Bullish Bounce
Preference:
Price is falling towards the pivot point of 87.98 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 90.16 which is a swing-high resistance level.
Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 86.08 which is a pullback support level.
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