Dax may fall to 18420.00 - 18520.00

Pivot

18770.00

Our preference

Short positions below 18770.00 with targets at 18520.00 & 18420.00 in extension.

Alternative scenario

Above 18770.00 look for further upside with 18870.00 & 18985.00 as targets.

Comment

Investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances

18985.00

18870.00

18770.00

18634.10 Last

18520.00

18420.00

18300.00

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