DE30EUR H4 | Rising into 23.6% Fibo resistance

TitleDE30EUR H4 | Rising into 23.6% Fibo resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 15562.55 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 15448.71 which is a swing-low support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 15654.16 which is an overlap resistance that aligns close to the 50.0% 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.