DAX is approaching our first resistance at 11036.41 (Horizontal overlap resistance, 23.6% Fiboancci retracement, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 10181.14 (61.8% fiboancci extension, horizontal swing low support, 78.6% fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
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