FlowState

DAX is approaching resistance, potential drop!

Short
XETR:DAX   DAX Index
DAX is approaching our first resistance at 11528 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 10799 (horizontal pullback support, 100% fibonacci extension, 50% fibonacci retracement). RSI (34) is also seeing a bearish divergence and we might see a corresponding drop in price.


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