10 Year T-Note Futures ( ZB1! ) , H4 | Potential for drop

Feb 28, 2022

On the H4, with price approaching the resistance of the RSI indicator, we have a bias that price will drop to our support at 152'01 in line with the horizontal swing low support from our pivot at 154'10 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break pivot and head for 1st resistance at 156'06 in line with the 127.2% Fibonacci extension .