Dax Futures (FDAX1!), H1 Potential For A Drop!

36523 dax futures fdax1 h1 potential for a drop

Type: Bearish DropKey Levels:Resistance: 14899Pivot: 14707Support: 14355Preferred Case:With price moving below the Ichimoku cloud and the recent trendline breakout, we have a bearish bias that price will drop from our Pivot at 14707 in line with the horizontal swing high and 61.8% Fibonacci retracement towards our 1st support at 14355 in line with the horizontal swing low support and 78.6% Fibonacci retracement.Alternative Scenario:If prices were to reverse, price may potential rise towards our 1st resistance at 14899 which is in line with the horizontal swing high resistance.Fundamentals:With the concerns over the war in Ukraine, European stocks are expected to trade lower.

Source: Tickmill

Related Posts