Bearish Breakout

Key Levels:
Resistance: 24671.52
Pivot: 22479.63
Support: 20699.89

Preferred Case:
On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 22479.63 where the pullback support, 61.8% fibonacci retracement and 78.6% fibonacci projection are. Once we have downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 20699.89 where the -61.8% fibonacci expansion, 161.8% fibonacci extension and swing low support are.

Alternative Scenario:
Alternatively, price could rise to 1st resistance at 24671.52 where the pullback resistance, 50% fibonacci retracement and 61.8% fibonacci projection are.