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US30, H4 I Potential Bearish Drop

Preference:

With price approaching the resistance within the ichimoku cloud and the stochastics indicator, we have a bearish bias that price will fall from pivot at 35609 in line with the graphical swing overlap resistance and 61.8% Fibonacci retracement to 1st support at 34722 in line with the 61.8% Fibonacci retracement and graphical swing low support.

Alternative Scenario:

Alternatively, we may see price break pivot structure and head for 1st resistance at 36132 in line with the horizontal swing high resistance.

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