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ThemasterFxIdea
Jun 3, 2022 11:27 AM

DAX on the M30 time-frame Long

DAX IndexXETR

Description

Dax may rise to 14590 - 14710

Our preference
Long positions above 14440.00 with targets at 14590.00 & 14710.00 in extension.

Alternative scenario
Below 14440.00 look for further downside with 14330.00 & 14220.00 as targets.

Comment
The RSI is mixed and calls for caution.

Comments
hidelord
Didn't we reach a technical double top at 14600 - a critical support level? I would expect a sharp decline on Monday
ThemasterFxIdea
@hidelord, Yes may be formed double top pattern at 14600
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