DAX H4 | Heading into Fibonacci confluence resistance zoneDAX (GER30) is rising towards a resistance barrier and could potentially reverse off this level to drop lower.
Sell entry is at 21,073.71 which is a resistance zone that aligns with a confluence of Fibonacci levels i.e. the 78.6% projection and the 161.8% extension.
Stop loss is at 21,400.00 which is a level that sits above the 100.0% Fibonacci projection.
Take profit is at 20,510.80 which is a pullback support.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
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