DAX 30 GERMANY INDEX TECHNICAL ANALYSIS
long time since last technical analysis for the DAX, I remember the last post Why DAX Should Be 1 of your investments in late 2016 – it was really a good trade
now since last record in late January this year the Dax set record for 13600+- points and since there went down almost 2000 points to 11680 in late February
since then we can see that Dax tries to recover and gets to 13200 points last week but again could not make it and went back down below 12600 points, for now,the trend in DAX became bearish and target is a bit below 12000 points .
A break is to be expected soon, it’s likely that price will dig bellow 12000. The current bear market has already taken 1000 off the index; the next significant stabilization zone is 11810-11940
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| DAX ANALYSIS |
Also, look on the pattern that occurs in the charts last days:
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| DAX 30 ANALYSIS |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice