Wednesday, January 5, 2011

DAX - Unable do close above 7010 testing suport area STerm - 12:36GMT

Last update sunday i thought this "Tecnhical view Dax losing momentum last sessions of the year. Beas remain bearish very short-term. Below 7010 daily chart expect continuatuon dowswing next suport/target range [6895,6820].
Dax Daily beas bullish nothing change last months. Ema, trendline and fibonacci suport beas bullish, key level short-term remain intact 6820.
Two consecutive Closes below 6820 next level/target 6660 possible extension to [6480,6570] remember good suport last months ema200 sitting 6350."

Last sessions unable to regain 7010 again is testing first suport area daily chart.
120 Minutes to open US market and dax are testing suport area.
Add one more number trendline remain intact for now sitting today 6818.

Click to zoom in. Good luck folks and trade well.
Can see here last update SPX500

No comments:

Post a Comment

Enjoy this post? Then leave a comment and say thanks!