DAX approaching resistance, potential drop!
DAX is approaching our first resistance at 11778.68 (Horizontal pullback resistance, 50% fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (horizontal pullback support, 61.8% fibonacci extension, 50% fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
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