Have we seen the record high in the DAX 30 index for the coming years?

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

DAX PRICE ANALYSIS
DAX ANALYSIS

Also, look on the pattern that occurs in the charts last days:

DAX  30  PRICE ANALYSIS
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

www.daytrade-profit.com

Leave a comment