CapMoore

DAX Facing Resistance by Yearly R2

FX:GER30   DAX index of German listed shares
130 0 1
The breakout above 10000 which was the 127 extension of the
minor ABCD, somewhat aligning with the major ABCD's D-level,
has quickly taken index to the next major resistance level,
Yearly R2 and Monthly R1 (slightly above). This level is also the 127 extension
of the major ABCD. If we see a weekly close above Yearly R2 and
Monthly R1, it will just add to current bullish bias. Above resistance
is 161 ext 11480, Yearly R3 at 12200 abd then a cluster at 13000-13250.
A weekly Red close below Yearly R2 may give a correction towards
Yearly R1 at 10460 and lower the previous consolidation high around 10000.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out