Title
Potential Bullish Bounce

Type
Bullish Bounce

Preference:
Price is falling towards the pivot point of 2,278.34 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 2,326.63 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.

Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 2,238.64 which is a pullback support that sits under the 61.8% Fibonacci retracement level.

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