SHORT DAX approaching resistance, a further drop could occur!

DAX is approaching our first resistance at 11778.68 (Horizontal pullback resistance, 50% fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (horizontal pullback support, 61.8% fibonacci extension , 50% fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.