Dax may fall to 16835.00 - 17000.00

Pivot

17650.00

Our preference

Short positions below 17650.00 with targets at 17000.00 & 16835.00 in extension.

Alternative scenario

Above 17650.00 look for further upside with 17755.00 & 17915.00 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

17915.00

17755.00

17650.00

17286.00 Last

17000.00

16835.00

16400.00

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