DAX H4 approaching pivot where we could potentially see a drop to 1st support, in-line with -27.2% and 61.8% Fibonacci retracementIf price bounce above the pivot, price will swing towards 1st resistance, in-line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.