On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will continue to drop from the pivot at 1838.9 in line with the pullback resistance and 78.6% fibonacci projection to the 1st support at 1807.2 in line with the 78.6% fibonacci projection and multiple swing low.
Alternative Scenario:
Alternatively, price may reverse off the pivot and rise to the 1st resistance at 1860.3 in line with the 61.8% fibonacci projection, 38.2% fibonacci retracement and pullback resistance.
Alternative Scenario:
Alternatively, price may reverse off the pivot and rise to the 1st resistance at 1860.3 in line with the 61.8% fibonacci projection, 38.2% fibonacci retracement and pullback resistance.