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Leo.Ash

DAX Update 31/07/2014

DAX PERFORMANCE-INDEX (INDEX:DEU40)  
Leo.Ash  
INDEX:DEU40   DAX PERFORMANCE-INDEX
DAX Index DAX Index dax30 dax30 dax30 DAX Index
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dax dax dax30 dax30 dax30 dax
Another day and DAX still in correction, inside the descendant channel. We have another HL at 9700 , nothing change, lets see where DAX will go to make a new LL. I do NOT ADVICE open short positions at this level. Wait for the upside.

Supports:
9480 (50% retrac)
9350 (61,8% retrac)

Short term - still in correction
Long term - bullish

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Leo.Ash
DAX Update 30/07/2014
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