German Stock Index DAX (A minor pullback is in the making)

Updated View On German Index (22 July 2019)

DAX is in the "potentially minor" pull back at the moment.
I expect the following support levels can stop the price from going lower. They are 12,200 and 12,080 region.

So, if you want to buy in, be patient and wait for a good set up to appear.




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Comment:

Updated View On German Index (22 July 2019)

The expxcted minor pullback of DAX ended abruptly and it has broken up a decent S/R region of 12420-12500.
If the price managed to stay above that mentioned region, we can expect further uptick move toward 12,600 regions.

Trade closed: stop reached:

Updated View on DAX (7 Aug 2019)

Our analysis is no longer valid. It gets stopped out.