Hello, we are looking at the DAX (Deutscher Aktien Index) on the daily chart.
What we see here is that its forming a bear-flag right now. Also we have bearish signs with the 50 EMA crossing the 200 EMA witch is bearish at all.
My Target for this flag is at the 10800 level as you can see we could have support above at 11040.
Lets see how this plays out.
Good luck trading everybody!
What we see here is that its forming a bear-flag right now. Also we have bearish signs with the 50 EMA crossing the 200 EMA witch is bearish at all.
My Target for this flag is at the 10800 level as you can see we could have support above at 11040.
Lets see how this plays out.
Good luck trading everybody!