DE30EUR H4 | Bearish reaction off pivot?

TitleDE30EUR H4 | Bearish reaction off pivot?TypeBearish ReversalPreference:Price could react off our pivot point at 15841.62, which is an overlap resistance and slightly below the 61.8% fibo retracement. We can expect price to fall to the 1st support at 15673.08, which is a pullback support level and at the 78.6% fibo retracement.Alternative scenario:If price breaks above the pivot point, then price could head towards the 1st resistance at 15987.09, which is a multi-swing high resistance.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.