DAX faces strong resistance at 9760, good to sell on rallies

FX:GER30   DAX Index
188 1 3
Major resistance- 9761 (7 day EMA )

Major support -9430

DAX             has recovered sharply from the yesterday low of 9431 and jumped till 9674 at the time of writing. It is currently trading around 9641.

The selling from 10374 to 9430 will be completed if the index breaks above 9761.

Any break above 9761 will take the DAX             till 9825/9900 in the short term. On the lower side , any break below 9550 will drag the pair down till 9500/9430/9345/9300.

Overall bearish invalidation only above 10500.

It is good to sell on rallies around 9670-9680 with SL around 9760 for the TP of 9530/9430/9350
Still recommend a short on 9670-9680 levels?
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