Title
DAX, H1 | Could we see a short term reversal?

Type
Bearish Reversal

Preference:
We’re seeing price rise towards a strong multi-swing high resistance at 15502  – price seems to have reacted off this level multiple times in the past.

If a reversal occurs here, we could see prices drop down to our 1st support at 15412 which is line with the 23.6% Fibonacci retracementnt

Alternative scenario:
If price breaks above the pivot, the next key resistance is the multi-swing high resistance at 15565

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.