Cabana Capitals Blog Technical Analysis DAX 40 approaching resistance level

DAX 40 approaching resistance level

DAX 40 approaching resistance level post thumbnail image

DAX 40 is moving towards a line of 18551.8008 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If DAX 40 continues in its current trajectory, we may see it move towards 18551.8008 within the next 2 days.

Supported by Upward sloping Moving Average

Target: 18551.8008 Entry: 18479.9 Stop: 18405.52

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