DE30EUR H4 | Potential bearish breakout

TitleDE30EUR H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price is falling towards the pivot point of 14738.93 which is a weak pullback support and could potentially break below this level; we could see momentum carry price down to its 1st support at 14545.72 which is a level that aligns with the 161.8% Fibonacci extension level.Alternative scenario:If price reverses from the pivot point to climb higher, it could hit the 1st resistance at 14940.27 which is an overlap support that aligns close to the 38.2% Fibonacci retracement 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.