Dax may fall to 16820.00 - 17120.00

Pivot

18085.00

Our preference

Short positions below 18085.00 with targets at 17120.00 & 16820.00 in extension.

Alternative scenario

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

Comment

As long as 18085.00 is resistance, look for choppy price action with a bearish bias. .

Supports and resistances

19210.00 **

18780.00 ***

18085.00 **

17775.00 Last

17120.00 ***

16820.00 **

16430.00 *

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