SPX500USD H4 I Bearish reversal
Title
SPX500USD H4 I Bearish reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot of 5574.96, an overlap resistance close to 78.6% Fibo retracement. A drop from this level could lead the price to fall to 1st support at 5407.37, a pullback support.
Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 5683.15, a swing high resistance
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