DAX approaching resistance, potential drop! 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 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.
