themarketzone

Testing the bottom of a weekly triangle

FX:GER30   DAX index of German listed shares
5 months ago
The German DAX             was rejected last week, following the Brexit vote, from the 50 Weeks MA line - A setup I was monitoring and also shared with my members.
Despite the 8% decline, the DAX             was saved by the 200 weeks MA line and closed above it (however, it did close below the weekly downtrend line again)
The trading range -(9,000-10,000) that was confirmed by last week's price action and the weekly Triangle should be monitored during the near term future

Tomer, The MarketZone
Special post Brexit coverage this week..

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5 months ago
Comment: The Index will open next week with a breakout attempt (higher)
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Tomer J,
The Market Zone - You trading Edge
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