DE30 H4 | Bouncing off support level

Type
Bullish Bounce

Preference:
The DAX is bouncing off the pivot at 17910.07, the pullback support, price could rise to the 1st resistance at 18036.2 a swing-high resistance that aligns closely with the 161.8% Fibonacci retracement.

Title
DE30 H4 | Bouncing off support level

Alternative scenario:
The momentum might reverse and price could break below the pivot and fall towards the 1st support at 17790.97, the pullback support.

Past performance is not indicative of future results.

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منبع: https://www.tickmill.com/blog/de30-h4-bouncing-off-support-level-15th-march-2024

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