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DAX FUTURES, H4 Potential For Bearish Momentum

40144 dax futures h4 potential for bearish momentum

Type: Bearish MomentumKey Levels:Resistance: 14864Pivot: 14576Support: 14297Preferred Case:On the H4, price has recently reversed off the pivot at 14576 in line with the overlap resistance and the confluence area at 78.6% fibonacci retracement and 100% fibonacci projection and may drop to the overlap support level at 14297 in line with the 38.2% fibonacci retracement.Alternative Scenario:Price may break the pivot and rise to the resistance at 14864 at the horizontal swing high.Fundamentals:No major news

Source: Tickmill

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