GER40 H4 | Bearish reversal off pivot point?

Title:GER40 H4 | Bearish reversal off pivot point?TypeBearish reversalPreference:The price is reacting off our pivot point at 16446.31, which is a swing high resistance. The price could fall to 1st support level at 15988.32, which is a pull back resistance.Alternative scenario:The price could break the pivot point at 16446.31, which is a swing high resistance and rise towards our 1st resistance at 16517.99, a pullback resistance 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.