Cabana Capitals Blog Technical Analysis DAX 40 – getting close to support of a Channel Down

DAX 40 – getting close to support of a Channel Down

DAX 40 – getting close to support of a Channel Down post thumbnail image

The movement of DAX 40 towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, 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: 18093.575 Entry: 18366.6 Stop: 18652.2

Leave a Reply

Your email address will not be published.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

Related Post