Bearish Momentum

Key Levels:
Resistance: 780'3
Pivot: 758'5
Support: 720'4

Preferred Case:
On the H4, with price moving below the ichimoku cloud and in a descending trend channel, we have a bearish bias that price will drop from the pivot at 758'5 in line with the overlap support to the 1st support at 720'4 in line with the 78.6% fibonacci projection, 100% fibonacci projection and horizontal swing low.

Alternative Scenario:
Alternatively, price may reverse off the pivot and rise to the 1st resistance at 780'3 at the swing high in line with the pullback resistance level.

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