Title: Bearish Continuation
Type: Bearish reversal
Price is expected to push down from the pivot level (in line with 23.6% Fibonacci retracement) towards the 1st Support level in line with 161.8% Fibonacci extension. Our bearish bias is further supported by the price holding below the Ichimoku cloud and 50 period MA.
Alternatively, price can bounce back uo towards the 1st resistance in line with 50% Fibonacci retracement and ascending channel resistance.