Potential Bullish Bounce
Title
Potential Bullish Bounce
Type
Bullish Bounce
Preference:
Price has made a bullish reaction off the pivot point at 89.574 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and we could see momentum potentially carry price up to its 1st resistance at 92.212 which is a pullback resistance
Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 88.547 which is an overlap support that sits below the 50.0% Fibonacci retracement level.
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