DAX H4 is approaching pivot where we have 78.6% Fibonacci extension and descending trendline resistance. We may potentially see a drop towards the 1st support level, in-line with 50% Fibonacci retracement and 127.2% Fibonacci extension. If price bounce from the pivot, we may see it swing towards 1st resistance, in line with 100% and 127.2% Fibonacci extension
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dax-h4-is-approaching-pivot-potential-for-drop"
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