DE30EUR H4 | Bullish reversal off pivot?

TitleDE30EUR H4 | Bullish reversal off pivot?TypeBullish BouncePreference:Price is approaching our pivot point at 15786.68, which is at the multi-swing low support. If price rejects this area, price could potentially head towards the 1st resistance at 15996.01, which is slightly above the 23.6% fibo retracement.Alternative scenario:If price breaks below the pivot,  then price would most likely fall to the 1st support at 15696.40, which is at the 78.6% fibo retracement and overlap 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.