E-MINI DOW JONES FUTURES (YM1!), H1 Potential for Bullish RiseType : Bullish Rise
Resistance : 31872
Pivot: 30931
Support : 30412
Preferred Case: On the H4, with price moving above the ichimoku cloud and within the ascending channel, we have a bullish bias that price will rise from the pivot at 30931 in line with the pullback support and 38.2% fibonacci retracement to the 1st resistance at 31872 where the swing high resistance and 78.6% fibonacci projection are.
Alternative scenario: Alternatively, price may break pivot and drop to the 1st support level at 30412 in line with the swing low support and 78.6% fibonacci retracement.
Fundamentals: No Major News