US30 | Bearish Reversal
Title
US30 | Bearish Reversal
Type
Bearish Reversal
Preference:
Wait for price to pullback at the pivot of 41240.72, a pullback resistance close to 61.8% Fibo retracement. A drop from this level could lead the price to fall to 1st support at 40,478.50, an overlap support close to 161.8% Fibo extension
Alternative Scenario:
If price breaks above the pivot, it could lead the price to rise to 1st resistance at 41596.08, a swing-high resistance