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Bintang
Jul 31, 2016 12:05 PM

DAX sell the break lower Short

DAX index of German listed sharesFXCM

Description

DAX we identified as a short on simple idea of selling pre-Brexit high and gap fill. Price has remained sticky with neither the Fed, BOJ or the woeful US GDP giving it much reason to move. The 50 HR MA has come into play, underlying the current upmove and a break below this would would signal further decline.

10270 sits as main support, below here 10,000 opens up and is expected to be a tough nut to crack on the back of the bullish sentiment currently being seen.
Comments
faris.makki
Are you still holding?
speelgoedauto2
Im still thinking its gonna hit below the 10.000 this week. It hits 4 time his recistanse since may 2016.
faris.makki
i think the minimum would be 10,120.. maximum 10000
yashvij
I think price is consolidating for another break higher towards 10450 - 10500
Tacit.Insight
u were spot on.
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