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DAX: Break Lower Risks A Slide To 12990/980

Published 12/14/2017, 04:37 AM
Updated 07/09/2023, 06:31 AM
DE40
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DAX Weekly Chart

DAX holds support at 13060/040 as expected but longs need stops below 13000. A break lower risks a slide to 12990/980, perhaps as far as 12900/890. Below targets 12850/840 before the 12806 low.

Holding support at 13060/040 allows a recovery to 13140/150. Above yesterday's high at 13191 and this weeks high at 13204 retests last weeks high at 13244 with minor short term Fibonacci resistance at 13255. Above here opens the door 13300/310 then 13335/345, perhaps as far as 13370/380.

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