Neel_K

Exciting Day(s) Ahead for DAX !!!!

FX:GER30   DAX Index
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Price has been trading in the range. just below 1000 mark for few days.
  • Previous 3 attempts have been rejected categorically. (2spikes)
  • Bears have not yet made a lower low. ( HH, HC) - Marked in blue.

With Month End approaching and number of News lined up, the we may see a clearer picture soon.

IF price breaks and closes above 10000 mark, it will look to touch 10400 level.
IF price fails to make a bullish high, it could continue on with the trading range play for longer.

Will keep an eye for setups in lower time-frame on this one.

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