DAX is approaching our first support at 11425.37 (horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 12457.14 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bullish divergence and approaching support where a bounce off this level might see a corresponding rise in price.
Stochastic (55,5,3) is also seeing a bullish divergence and approaching support where a bounce off this level might see a corresponding rise in price.
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