Palladium Futures (PA1!) H4 | Approaching a pullback resistance?

Type:

Bearish Reversal

Key Levels:

Resistance: 1,203.5

Pivot: 1,138

Support: 1,091

Preferred Case:

Looking at the H4 chart, the price is rising toward a pullback resistance and stabilizes around this level before reversing toward the 1st support at 1,091.5.

Alternative Scenario:

Price may break above the Pivot at 1,138 and rise towards the 1st Resistance at 1,203.5