- Edited on September 1, 2021
- Desmond L
Preferred case:
DAX H1 approaching pivot where we may potentially see bearish pressure towards the 1st Support, in-line with 50% Fibonacci Retracement and 61.8% Fibonacci Extension.
Alternative scenario:
If price continue to bounce above the pivot, we may see it swing towards 1st Resistance, in-line with 127.2% Fibonacci Retracement and 100% Fibonacci Extension