GlobalPrime
Short

DAX approaching resistance, potential drop!

XETR:DAX   DAX Index
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 overlap, 50% fibonacci retracement , 61.8% fibonacci extension ).
Stochastic (21,5,3) is also approaching resistance where we might be seeing a corresponding drop in price.
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