GER40 H4 | Bearish Reversal off Pivot?

Title:GER40 H4 | Bearish Reversal off Pivot?TypeBearish DropPreference:The current price has touched the pivot line at 16299.70, a swing high resistance. Price could react bearishly off pivot and fall to 1st support level at 16045.42, a pullback support. Alternative scenario:Price could break through the pivot at 16299.70, a swing high resistance, moving towards 1st resistance at 16516.55, a 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.