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Long

DAX faces strong support at 9300, good to buy at dips

FX:GER30   DAX index of German listed shares
355 0 6
Major support: 9300 (29th Sep low)

DAX             has made a low of 9410 and slightly recovered from that level. It is currently trading around 9562.

Short term trend is slightly bullish as long as support 9300 holds.

Any break below 9300 will drag the index down till 9216/9120/9000.

On the higher side resistance is around 9605 and break above targets 9769/9865.

Overall trend reversal only above 10200.

It is good to buy at dips around 9450 with SL around 9300 for the TP of 9750/9845
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