Tuesday, June 23, 2009

DAX - Update Daily and Hourly

Dax close (4707.15)= (+13.75) close below 4980
25 point to visited target that I post last week.
Below 4780 I expect 4650 very short term (bearish Wedge)
Below 4980 I expect [4200,4000] medium term.

If dax close hourly above 4780 I have to reduce some short.
Tomorrow resistance Hourly [4780-4760]. Macd reverse again but need to confirm with a close above 4780.
Click to zoom in.