DAX H4 | Reverse to support level

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Title
DAX H4 | Reverse to support level

Type
Bearish Reversal

Preference:
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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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.

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