Invezted

DAX Mapping the Territory

FX:GER30   DAX Index
70 0 2
Context: http://www.invezted.com

DAX             is within a down channel and currently resides at the oversold level , should the dax            
stay within that channel we will see a retest of the 50% mark 10365 where one should expect some bulls
but if they fail to support price at this level we will defenetly see the level of former resistance at 10000 tested again.

on the other hand should a rally break thru the channel to the upside and any minor retreacement is seen as a welcome buying opportunity then we will retest the highs of 12200 again.

Signs of strength:
broken resistance

Signs Of weakness:
down channel
selling > buying

Support:
10800
10365
10000

Resistance:
11600
11900
12200

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