DAX H4 approaching pivot where we may potentially see a drop towards 1st Support, in-line with 61.8% Fibonacci retracement , 78.6% Fibonacci extension and descending trendline resistance. If price bounce from the pivot, it may swing toward 1st Resistance, in-line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.