DAX is approaching our first support at 11728.60 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 12096.74 (horizontal overlap resistance, 50% Fibonacci retracement, potential 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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