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