Type: Bearish DropKey Levels:Resistance: 14893Pivot: 14683Support: 14346Preferred Case:With price expected to reverse off the Ichimoku cloud resistance, we have a bearish bias that price will drop to our support at 14346 in line with the 78.6% Fibonacci projection and swing low support from our pivot at 14683 in line with the 61.8% Fibonacci retracement and swing high resistance.Alternative Scenario:Alternative scenario:Alternatively, price may break pivot structure and head for 1st resistance at 14893 in line with the swing high resistance. Fundamentals:No major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dax-futures-fdax1-h1-potential-for-a-drop5"
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