Title

GER40  H4  | Bullish Bounces

Type

Bullish Bounces

Preference:

price is falling to the pivot of 18,854.2, a pullback support close to the 23.60% Fibo retracement. A reverse from this level could lead the price to rise  to 1stresistance at 19,204.9, that line with the 127.20% Fibonacci extension and the 100% Fibonacci Projection

Alternative Scenario:

If price breaks below the pivot, it could fall to 1st support at 18,642.1, an overlap support close to the 50% Fibonacci retracement.