Copper Futures (HG1!), H4 Potential for Bearish Drop

Type : Bearish Drop
Resistance :3.5555
Pivot: 3.4755
Support : 3.3695

Preferred Case: On the H4, with price below the ichimoku indicator and RSI is moving within a descending trendline, we have a bearish bias that the price may drop from the pivot at 3.4755, which is in line with the overlap support to the 1st support at 3.3695, where the 61.8% fibonacci retracement and overlap support are.

Alternative scenario: Alternatively, price could rise to the 1st resistance at 3.5555, where the overlap resistance and 50% fibonacci retracement are.

Fundamentals: No Major News