Dax may fall to 18120.00 - 18220.00

Pivot

18540.00

Our preference

Short positions below 18540.00 with targets at 18220.00 & 18120.00 in extension.

Alternative scenario

Above 18540.00 look for further upside with 18655.00 & 18745.00 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

18745.00

18655.00

18540.00

18480.40 Last

18220.00

18120.00

18000.00

Number of asterisks represents the strength of support and resistance levels.