DAX: GER30 in bear market after breaking 8900 zone ?
DAX is now for second day under the very important 8900 support zone area.
If DAX in the next day not return to 8900 zone , we can confirm the bearish
outlook.
Summarized :
bear:
DAX break his long trendline 2011
DAX starting making lower lows
The very strong 8900 supportzone turning in heavy resistance zone.
negative for bear :
oversold RSI
If we have a false breakout from 8900 , 8900 return back in supportzone for DAX.
The new earnings season starts, if results are good , DAX will recover to make a positive balance for 2014.
If DAX in the next day not return to 8900 zone , we can confirm the bearish
outlook.
Summarized :
bear:
DAX break his long trendline 2011
DAX starting making lower lows
The very strong 8900 supportzone turning in heavy resistance zone.
negative for bear :
oversold RSI
If we have a false breakout from 8900 , 8900 return back in supportzone for DAX.
The new earnings season starts, if results are good , DAX will recover to make a positive balance for 2014.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.