DE30EUR H4 | Bullish bounce off 38.2% fibo?

TitleDE30EUR H4 | Bullish bounce off 38.2% fibo?TypeBullish BouncePreference:Price is falling to our pivot point at 15011.7, which is a pullback support level, aligning with the 38.2% fibo retracement and 78.6% fibo projection. Price could bounce from our pivot point to rise to the 1st resistance at 15227.9, which is a multi-swing high resistance level.Alternative scenario:If price breaks below the pivot point, then price could fall to the 1st support at 14910.8, which is a pullback support level, at the 50% fibo retracement and 100% fibo projection.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.