DAX H4 | Reverse to support level


DAX H4 | Reverse to support level

Bearish Reversal

The price could rise to pivot at 17066.26, the swing-high resistance, from there it could reverse to the 1st support at 16874.83, the pullback support.

Alternative scenario:
It might break out of pivot and rise to the 1st resistance at 17133.66, which aligns with the 127.2% Fibonacci extension level.

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