carman

DAX : Back up to 2011 trendline but now strong resistance ?

Short
FX:GER30   DAX Index
After breaking the 2011 trendline in august, DAX is back at the 2011 trendline.
DAX is back in the 9800 zone.
Combination from the old trendline 2011 and 9800 zone and fibolevel is a strong resistance zone.
Before breaking this zone DAX can go back to 9600 before jumping to 9900 zone.

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.