themarketzone

Approaching a strong resistance zone

FX:GER30   DAX index of German listed shares
$DAX rally today is pushing the price back up towards the top of the trading channel where it will meet a strong structure resistance and 2 SMA lines (additional resistance).
Breakout or continuation lower?
What do you think?
In my opinion the support will hold...
+1 Reply
Nice chart! 11.400 (or the zone below on your chart) followed by another sharp leg down.

Long DAX on GOOD confirmation!
+2 Reply
Thanks
Reply
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