Type: Bearish DropKey Levels:Resistance: 174.35Pivot: 163.80Support: 154.30Preferred Case:Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing low is.Alternative Scenario:Price may head back up to retest the pivot at 163.80 where the 50% Fibonacci line is.Fundamentals:There are no major news.
