DE30 H4 | Bouncing off support level

Title
DE30 H4 | Bouncing off support level

Type
Bullish Bounce

Preference:
The DAX is bouncing off the pivot at 17910.07, the pullback support, price could rise to the 1st resistance at 18036.2 a swing-high resistance that aligns closely with the 161.8% Fibonacci retracement.

Alternative scenario:
The momentum might reverse and price could break below the pivot and fall towards the 1st support at 17790.97, the pullback support.

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

Source: Tickmill

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DE30 H4 | Bouncing off support level

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