US30USD H4 | Bearish reaction off 61.8% fibo?

TitleUS30USD H4 | Bearish reaction off 61.8% fibo?TypeBearish ReversalPreference:Price could rise to our pivot point at 33535.9, which is a pullback resistance level, slightly above the 61.8% fibo retracement. If price manages to reach our pivot point and reacts bearishly, then we can expect price to fall to the 1st support at 33065.1, which is a pullback support level.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance at 33773.2, which is a swing high resistance level, above the 78.6% fibo retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.