gorillacharts

DAX Not Playing Out As Expected

TVC:DEU40   GERMAN STOCK INDEX (DAX)
The anticipated bounce off breakout supports didn't play out as expected. Lack of follow-up is a signal that we need to accept. I'm not turning bearish, yet. Key support to watch on the Index is at 10443. Below would complete a minor top with light support at 10374 (gap) and heavier supports at 10129 - 10093 - 10066 (key moving averages, early August reaction low).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.