US30USD H4 | Bearish reaction off 61.8% fibo? |

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منبع: https://www.tickmill.com/blog/us30usd-h4-bearish-reaction-off-61-8-fibo-2nd-november-2023

Type
Bearish Reversal

Price could rise to our pivot point at 33535.9, which is a pullback resistance level, slightly above the 61.8% fibo retracement. If price manages to reach our pivot point and reacts bearishly, then we can expect price to fall to the 1st support at 33065.1, which is a pullback support level.

Alternative scenario:

If price breaks above the pivot point, then price could rise towards the 1st resistance at 33773.2, which is a swing high resistance level, above the 78.6% fibo retracement.

Title
US30USD H4 | Bearish reaction off 61.8% fibo?

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