TitleDAX, H1 | Could we see a short term reversal?TypeBearish ReversalPreference:We’re seeing price rise towards a strong multi-swing high resistance at 15502 – price seems to have reacted off this level multiple times in the past.If a reversal occurs here, we could see prices drop down to our 1st support at 15412 which is line with the 23.6% Fibonacci retracementntAlternative scenario:If price breaks above the pivot, the next key resistance is the multi-swing high resistance at 15565To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
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