Type:Bearish BreakoutPreference:DAX is approaching our pivot area at 14946.66 in line with 100% Fibonacci projection and graphical swing low. Price has the potential to bounce to our 1st resistance at 15270.45 in line with 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may dip further to 1st support at 14793.98 in line with 127.2% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dax-is-approaching-a-pivot-potential-for-bounce-or-4-oct-2021"
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