DAX - Will we see a further decline?
Technical aspects:
Bears in control: Bearish flag formation once confirmed if it breaks below support area of 12800 area the bears are in control measure the bear flag which goes well with our descending channel 12680-12560 areas are key support areas!
Bulls in control: breaks about that key trend-line down going towards reaching the next trend-line area is the next resistance zone 13060 above bulls are in control the next resistance are will be 13200 areas.
Keep in mind key trend-lines, channel and the certain patterns forming. We could even add any additional indicators you may use such as RSI, MACD, Fibs etc. Do what your plan says to do. Keep disciplined.
Remember: Just a trade idea, not a recommendation
Bears in control: Bearish flag formation once confirmed if it breaks below support area of 12800 area the bears are in control measure the bear flag which goes well with our descending channel 12680-12560 areas are key support areas!
Bulls in control: breaks about that key trend-line down going towards reaching the next trend-line area is the next resistance zone 13060 above bulls are in control the next resistance are will be 13200 areas.
Keep in mind key trend-lines, channel and the certain patterns forming. We could even add any additional indicators you may use such as RSI, MACD, Fibs etc. Do what your plan says to do. Keep disciplined.
Remember: Just a trade idea, not a recommendation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.