DAX repair " long " ?!

FX:GER30   DAX Index
88 1 1
I expect a recovery mode upswing here, conservative traders wait for more base building signs.
If there is a bounce, I think you are correct with your assessment of support. However, more weakness could indicate continued downside price action for the DAX. I am more inclined to sell the rallies, although I would consider countertrend longs, half size position in to possible resistance. If this is true support it would make sense since price is at former channel resistance, backtesting it as support would be normal. Weekly view for the DAX If there is a short trade, imo, could be around the the 200 ema.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out