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DAX: Short Term Outlook Negative

Published 02/27/2017, 04:51 AM
Updated 07/09/2023, 06:31 AM

DAX Weekly Chart

DAX outlook negative in the short term at least. Minor resistance at 11835/845 but probably the best selling opportunity for today at 11895/11905. Shorts need stops above 11945. An unexpected break higher however targets 11970/980 before the 12030 high.

Failure to beat 11835/845 targets 11795/785 then the 11719 correction low so far. However further losses to 11680/670 are possible. Longs need stops below 11630. Just be aware that further losses target Fibonacci support at 11560/550.

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