Dax may fall to 18355.00 - 18415.00

Pivot

18550.00

Our preference

Short positions below 18550.00 with targets at 18415.00 & 18355.00 in extension.

Alternative scenario

Above 18550.00 look for further upside with 18620.00 & 18695.00 as targets.

Comment

As long as 18550.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

18695.00

18620.00

18550.00

18489.70 Last

18415.00

18355.00

18300.00

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