Technician

Channelling the DAX (UPDATE 2)

FX:GER30   DAX Index
378 0 12
Update: A break below 8981 would confirm a short to medium term top for me, as price will also settle back within the main long term rising channel after breaking it earlier. My main target at 8140 major resistance-turned-support level

https://twitter.com/thefxchannel
thefxchannel.com

Earlier Anlysis( ): The chart is an illustration of multiple medium to long term potential channels. Are we nearing a long term top? or will break higher and draw a new secular bull trend.
DAX             entered a period of sideways correctional bias following my latest update( ), as price fails so far to decisively break the ceiling of the multiple channels, RSI is showing a clear bearish divergence, price action looks a bit toppy             , so are we nearing a medium term top?

MEGA 70% DISCOUNT ON 3 AND 6 MONTHS PACKAGES . Get it before offer expires : https://thefxchannel.com
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out