Cabana Capitals Blog Technical Analysis Breach of important price line imminent by DAX 40

Breach of important price line imminent by DAX 40

Breach of important price line imminent by DAX 40 post thumbnail image

DAX 40 is heading towards 18869.0000 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Downward sloping Moving Average

Target: 18869 Entry: 19135.2 Stop: 19294.178

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