Dax may fall to 16430.00 - 16820.00

Pivot

18085.00

Our preference

Short positions below 18085.00 with targets at 16820.00 & 16430.00 in extension.

Alternative scenario

Above 18085.00 look for further upside with 18780.00 & 19210.00 as targets.

Comment

The RSI is bearish and calls for further decline. .

Supports and resistances

19210.00 **

18780.00 ***

18085.00 **

17209.70 Last

16820.00 ***

16430.00 **

15910.00 *

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