GatesOfCapital
Short

DAX COMES INTO BIG RESISTANCE ZONE

FX:GER30   DAX Index
The DAX             has shown some weakness and Closed Lower yesterday. It now comes into a Big Resistance level where a lot of zones and trendlines come together.

It is possible we can go a bit higher first. However we have to wait untill confirmation before we go SHORT. The price has to break the 10680 Level to give a clear sign of further correction.

After the break of this level small support can be found around 10475 and after that 10325.

Comment: Still no confirmation. Patience is required.
Comment: Also today the price has not confirmed to go short. Price still in Big Resistance zone.
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