DAX approaching resistance, potential drop!
DAX is approaching our first resistance at 11716.39(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 11042.54 (50% Fibonacci retracement, horizontal overlap support)
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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