DAX LONG end of 12.03.2019
Dax today has not his strongest day.
Starts with a big jump and starts exact as the resistance at 11615
hat a little bit resistance here i call this to 111620 and than a direct fall
to our well known long trendline we have seen now many days in Dax chart.
I have marked them in purple.
From these support DAX could bounce back a little at the end of the day.
But the red marked new stronger long trendline DAX could not hold
So at the moment we are in a nowhere terrain
it is still only little bit long
For tomorrow Dax has to stay above the purple trendline for long-
It Dax fall under the (now thick marked ) blue support line at 11420
which is of course far away at the moment , the chart turn directly to short
A trading between purple and thick blue i would mention as neutral.
So under line:
Trading above the purple line = long
Trading between the purple and the thick blue line = close long positions.
Trading under the thick blue line = short setup.
-
--This information is not a recommendation to buy or sell. It is to be used for educational purposes only - also do your own reserach---
Starts with a big jump and starts exact as the resistance at 11615
hat a little bit resistance here i call this to 111620 and than a direct fall
to our well known long trendline we have seen now many days in Dax chart.
I have marked them in purple.
From these support DAX could bounce back a little at the end of the day.
But the red marked new stronger long trendline DAX could not hold
So at the moment we are in a nowhere terrain
it is still only little bit long
For tomorrow Dax has to stay above the purple trendline for long-
It Dax fall under the (now thick marked ) blue support line at 11420
which is of course far away at the moment , the chart turn directly to short
A trading between purple and thick blue i would mention as neutral.
So under line:
Trading above the purple line = long
Trading between the purple and the thick blue line = close long positions.
Trading under the thick blue line = short setup.
-
--This information is not a recommendation to buy or sell. It is to be used for educational purposes only - also do your own reserach---
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