Get started
TipTVFinance

DAX - Bears are being reinforced

DAX Index (FX:GER30)  
TipTVFinance  
FX:GER30   DAX Index
DAX Index Equity Stocks trading germany
2
0
dax equity stocks trading germany
Resistance - 9921, 9990, 10,112

Support - 9770, 9675, 9484

  • Prices are struggling to re-enter rising channel or rising trend line area, thus signalling bears may be getting reinforcements.
  • Drop to 9770 levels looks possible as that would mark completion of gap filling exercise (gap up opening on April 13th).
  • Short-bearish invalidation is seen only if prices see a daily close above larger falling trendline hurdle seen today at 9990.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.