Dax may fall to 17950.00 - 18075.00

Pivot

18340.00

Our preference

Short positions below 18340.00 with targets at 18075.00 & 17950.00 in extension.

Alternative scenario

Above 18340.00 look for further upside with 18500.00 & 18640.00 as targets.

Comment

As long as 18340.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

18640.00

18500.00

18340.00

18121.30 Last

18075.00

17950.00

17800.00

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