Type: Bearish DropKey Levels:Resistance: 12999Pivot: 12809Support: 12415Preferred Case:On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 12809 where the pullback resistance is to the 1st support at 12415 where the swing low support, 61.8% fibonacci projection and 161.8% fibonacci extension are.Alternative Scenario:Alternatively, price could break pivot structure and rise to 1st resistance at 12999 where the pullback resistance, 61.8% fibonacci projection and 23.6% fibonacci retracement are.Fundamentals:Due to the extended Nord Stream 1 halt, we have a bearish view on the DAX Index .
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dax-index-futures-fdax1-h4-potential-for-bearish-drop7"
via IFTTT
Subscribe to:
Post Comments (Atom)
-
The new strain of covid found in South Africa could disrupt plans by governments and central banks to rebuild economies. Financial markets a...
-
Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and cap...
-
Asian Equities Sink on Covid FearsIt’s been a mixed start to the week for global equities benchmarks with US and European asset markets rema...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.