Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on DAX 40

Either a rebound or a breakout imminent on DAX 40

Either a rebound or a breakout imminent on DAX 40 post thumbnail image

DAX 40 is heading towards the resistance line of a Channel Down. If this movement continues, the price of DAX 40 could test 18504.5632 within the next 13 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Target: 18504.5632 Entry: 18359 Stop: 18291

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post