DAX LONG end of 12.03.2019

2019년 3월 12일

Dax today has not his strongest day.

Starts with a big jump and starts exact as the resistance at 11615

hat a little bit resistance here i call this to 111620 and than a direct fall

to our well known long trendline we have seen now many days in Dax chart.

I have marked them in purple.

From these support DAX could bounce back a little at the end of the day.

But the red marked new stronger long trendline DAX could not hold

So at the moment we are in a nowhere terrain

it is still only little bit long

For tomorrow Dax has to stay above the purple trendline for long-

It Dax fall under the (now thick marked ) blue support line at 11420

which is of course far away at the moment , the chart turn directly to short

A trading between purple and thick blue i would mention as neutral.

So under line:

Trading above the purple line = long

Trading between the purple and the thick blue line = close long positions.

Trading under the thick blue line = short setup.


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--This information is not a recommendation to buy or sell. It is to be used for educational purposes only - also do your own reserach---