Tuesday, June 15, 2010

DAX _ Daily Market Thought 16062010

For now trend bullish all time frame. Still valid bullish price channel.
For now bullish pattern ‘higher highs, higher lows. Today hold first suport 6093 and close near the highs.
Today highs (6194) represent 125% false breakout extension.
Above today highs 6193 next resistance 6232 (represent 137% of extension).
Below 6093 expect 5980 possible extension to 5870.
Suport 5800, [5960,5980] and 6093. Resistance: 6194, 6232 and 6310
Click to zoom in. Good luck folks.

DAX Daily Chart


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