Bouncing off Pivot Point?

TitleBouncing off Pivot Point?TypeBullish BouncePreference:Current price is currently on the pivot point, the price could be bouncing off the level moving towards to the first resistance level, which is a multi swing high resistance at 16064.44 level.  The first support level is a pullback support.Alternative scenario:Price will break though the pivot level and drop to the first support level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.