DE30EUR H4 | Bearish reaction off 61.8% fibo?

TitleDE30EUR H4 | Bearish reaction off 61.8% fibo?TypeBearish ReversalPreference:Price is approaching our pivot point at 15281.4, which is an overlap resistance, aligning with the 61.8% fibo retracement and 78.6% fibo projection. If price rejects our pivot point, then price can head towards the 1st support at 15083.9, which is a swing low support.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance at 15446.6, which is a swing high resistance, aligning with the -61.8% fibo expansion and 161.8% fibo extension.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.