Bullish Breakout

Key Levels:
Resistance: 4301.57
Pivot: 4080.88
Support: 3812.69

Preferred Case:
On the H4, with MACD indicating a green bullish area, it supports our bullish bias that price will rise from our pivot at 4080.88 in line with 38.2% Fibonacci retracement and horizontal overlap resistance, to our 1st resistance at 4301.57 in line with the 61.8% Fibonacci retracement.

Alternative Scenario:
Price may reverse and approach 1st support at 3812.69 in line with the 61.8% Fibonacci projection and swing low.