FX:GER30   DAX index of German listed shares
DAX             has been in a real uncertain territory over the last several weeks,
Price has been fighting to break the weekly TL support which spans over 1610 days.
Finally last week we had a close above the weekly TL support, with support at 10k helping to create a price floor which prevents it from going lower.

The week closed with a very nice pin bar , so as of now I am bullish again on DAX             as long as price can remain above the TL. We could very well see tests of 10950 which in my opinion is the next major level of resistance for DAX             . In confluence with the previously broken bearish channel if price can break above we could very well see Seasonal momentum push DAX             to at least 11800 by the end of this year.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out