US30USD H4 | Bearish reaction off pivot?

TitleUS30USD H4 | Bearish reaction off pivot?TypeBearish ReversalPreference:Price could retest the pivot point at 34566.8, which is an overlap resistance, slightly below the 38.2% fibo retracement. If price reacts bearishly, then price could fall to the 1st support at 34367.5, which is a swing low support level.Alternative scenario:If price breaks above the pivot, then price could rise towards the 1st resistance at 34762.9, which is an overlap resistance and 61.8% fibo retracementTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.