Palladium Futures ( PA1! ), H4 Potential for Bearish Drop

Type: Bearish DropKey Levels:Resistance: 1917.5Pivot:1744.0Support:1656.5Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head back down to retest the pivot at 1744.0, where the 23.6% Fibonacci line is.Alternative Scenario:Price may possibly continue heading towards the resistance at 1917.5, where the 78.6% Fibonacci line is.Fundamentals:There are no major news.