HomeContributorsTechnical AnalysisDax Bounce At 88.6 Fib Zone Is Expected

Dax Bounce At 88.6 Fib Zone Is Expected

DAX is close to 88.6 zone and we can see potential for a bounce. Historical buyers are waiting.

12600-12666 is the POC. Looking to the left we can also see historical buyers. This is a confluence of technicals within the POC zone. If the market bounces then watch for 12727 all the way up to 12861. However a break below 12530 will make the DAX bearish and we could see 12291. As long as the market is above 12531, bulls should be safe.

 

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