GER40 H4 | Bullish Bounces
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.