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DJI potential for a drop! | 23rd Mar 2022

Short
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 31835 where the 23.6% Fibonacci retracement from our 1st support at 31167 in line with the horizontal overlap support and 50% fibonacci retracement . Alternatively, price may break 1st support structure and head for 2nd support where the horizontal pullback resistance is.

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