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FlowState

DAX bounced off support, potential for further rise!

Long
DAX Index (XETR:DAX)  
FlowState  
XETR:DAX   DAX Index
Trend Analysis Harmonic Patterns Chart Patterns DAX Index dax30 dax30short daxswing daxshort daxlong daxbuy daxforecast equitytrading
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trendanalysis harmonicpatterns chartpattern dax dax30 dax30short daxswing daxshort daxlong daxbuy daxforecast equitytrading
DAX bounced off our first support at 11008 ( Inverse head and shoulder neckline support, 23.6% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 11757.29 (50% Fibonacci retracement , 100% Fibonacci extension, Inverse head and shoulder porfit potential ).
Ichimoku Cloud shows bullish trend where we might see a corresponding rise in price.
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