11300 broken
Price now reaching 10950
Strong support and TL
If it breaks further downside to 10633
Holds - Price may reach 11300 again before falling further
Dax is in a bad way at the moment, off of my previous analysis I'm still short.
We are approaching some key support levels, initially the one to look out for is the 10633 zone
If this is broken there's nothing stopping DAX until around 10k
It looks like the bulls are leaving the party, and we may finally be getting that correction that many people have been calling on.
For me the TL is key to this, if it hold DAX should remain bullish but If it breaks I believe we will see significant downside pressure.
Happy Trading.
Chartster
Price now reaching 10950
Strong support and TL
If it breaks further downside to 10633
Holds - Price may reach 11300 again before falling further
Dax is in a bad way at the moment, off of my previous analysis I'm still short.
We are approaching some key support levels, initially the one to look out for is the 10633 zone
If this is broken there's nothing stopping DAX until around 10k
It looks like the bulls are leaving the party, and we may finally be getting that correction that many people have been calling on.
For me the TL is key to this, if it hold DAX should remain bullish but If it breaks I believe we will see significant downside pressure.
Happy Trading.
Chartster