Cabana Capitals Blog Technical Analysis Possible breach of support level by DAX 40

Possible breach of support level by DAX 40

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The movement of DAX 40 towards the support line of a Triangle is yet another test of the line it reached numerous times in the past. This line test could happen in the next 18 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

Supported by Downward sloping Moving Average

Target: 18437.4865 Entry: 18502.8 Stop: 18585.7

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