Title
DER30EUR H4 | Pullback in DAX towards pivot
Type
Bullish Bounce
Preference:
Price is pulling back to our pivot level of 15460.72 and potentially bounce from here, we could see momentum carry price up to its 1st resistance of 15716.11.
Alternative scenario:
If price breaks below the pivot level, it could hit the 1st support of 15259.39.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.