Bullish Bounce

Intermediate Resistance: 15112.66

Resistance: 15237.34

Pivot: 15003.67

Support: 14793.98


DAX is approaching a pivot, we would observe the intermediate resistance at 15112.66 in line with 50% Fibonacci retracement for any potential reversals. If not prices have the the potential to climb to our 1st resistance at 15237.34 in line with 100% Fibonacci retracement.

Alternative Scenario:

Alternatively, prices could dip to our 1st support at 14793.98 which is a graphical swing low.