DAX to breakdown?

12월 11일

GER40 - 24h expiry

Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
A break of the recent low at 20259 should result in a further move lower.
Rallies should be capped by yesterday's high.

We look to Sell a break of 20245 (stop at 20365)
Our profit targets will be 19945 and 19845

Resistance: 20396 / 20474 / 20600
Support: 20259 / 20200 / 20119

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