Type: Bullish UpsidePivot: 15,678Support: 15,459Resistance: 16,007Preference: DAX H4 is testing the pivot where we may potentially see a drop towards 1st support, in-line with 38.2% Fibonacci retracement and horizontal overlap support.Alternative Scenario: If price bounces above the pivot, we may see it swing towards towards 1st resistance, in-line with 100% Fibonacci retracement and 61.8% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dax-testing-pivot-potential-for-a-bounce-or-29-sept-2021"
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