Tuesday, January 11, 2011

DAX - Unable do close above 7010 testing key level 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.
Last monday perfect test trendline 6842 hold and started pullback.
Today fill gap open monday but close below 6948 first resistance now short-term.
Two consecutive Closes below 6820 next level/target 6660 possible extension to [6480,6570] remember good suport last months ema200 sitting 6350."
Click to zoom in. Good luck folks.


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