Dax may fall to 18530.00 - 18629.00

Pivot

18805.00

Our preference

Short positions below 18805.00 with targets at 18629.00 & 18530.00 in extension.

Alternative scenario

Above 18805.00 look for further upside with 18895.00 & 18960.00 as targets.

Comment

As long as the resistance at 18805.00 is not surpassed, the risk of the break below 18629.00 remains high.

Supports and resistances

18960.00

18895.00

18805.00

18663.50 Last

18629.00

18530.00

18477.00

Number of asterisks represents the strength of support and resistance levels.