Potential Bearish Continuation

on the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 26110 in line with the 100% fibonacci projection and overlap support to the 1st support at 24830 in line with the horizontal swing low.

alternatively, price may rise from the pivot to the 1st pullback resistance at 26900 in line with 78.6% fibonacci projection and 50% fibonacci retracement.