GER30 : DAX recover to 8900 zone , dancing around resistance :)
After breaking 8900 important resistance zone last week DAX recover compleet from the 8400 resistance.
The oversold RSI bring DAX up again.
DAX had a false breakout from 8900 , and DAX return back in 8900 supportzone.
The new earnings season bring good results mostly , and DAX will recover to make a positive balance for 2014.
We wait for second test from the 8900 resistance zone. If 8900 hold DAX have again a strong supportzone for jumping to 9600 zone. If 8900 break again we can confirm the bearisch outlook for DAX.
The oversold RSI bring DAX up again.
DAX had a false breakout from 8900 , and DAX return back in 8900 supportzone.
The new earnings season bring good results mostly , and DAX will recover to make a positive balance for 2014.
We wait for second test from the 8900 resistance zone. If 8900 hold DAX have again a strong supportzone for jumping to 9600 zone. If 8900 break again we can confirm the bearisch outlook for DAX.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.