Tuesday, June 29, 2021

DAX, h1, is at pivot, potential for drop

Dax H1 is at Pivot after breaking symmetrical triangle where we could potentially see a drop towards the 1st support level, in-line with 50% Fibonacci retracement and 78.6% Fibonacci extension. If price bounce from the pivot, we may see it swing towards 1st resistance, in line with 50% and 61.8% Fibonacci retracement and horizontal overlap resistance

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dax-h1-is-at-pivot-potential-for-drop"
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