DAX 50% of the major range

This is one of Gann's major resistance levels. Not shown on the chart but 50% Pressure point of the more recent range 4962-7196 is 1117 points plus 5913 June low = 7030. The mean of the 2 pressure points 7030 and 6979 is 7004,last week's high. Pressure points come from Gann swing chart theory,with 50% being strong resistance (It has been called  the Danger zone because so many moves  fail there)