anyoption
Short

Short the DAX30!

INDEX:DAX   DAX Stock Index
118 0 5
The daily trend is in a Downtrend technically indicated by following:
• Dow pattern- lower tops and lower bottoms
• Prices are currently trading below the downtrend line.
• Prices broken the uptrend trend line .
The downtrend is confirmed by the bearish cross of MA10 above MA20.
Prices are trading below the resistance level at 11455.30.
Confirmation of MACD: Divergences should be taken with caution.
Bearish divergences are commonplace in a strong uptrend.
• Higher highs on price chart and lower highs on oscillator chart.
MACD is below the equilibrium level – zero (0).
Therefore, I will recommend SHORT POSITIONS for the no position holders on DAX30             . Take profit at 10709.35-10594.32 area the 161.8% Fib extension level. Stop loss should be a bit above the resistance level-R1, thus the stop loss is at 11664.86.
For SHORT-holders I will recommend to HOLD their short positions and adopt the same stop loss and take profit orders as mentioned above.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out