DAX H1 Technical Analisys Dec, 18, 2017
Dax is within a rising wedge, which indicates further development in the same direction.
The index is between the support at points 13000 and the resistance at points 13190.
An ABC Gartley formed at 13000 in conjunction with a double bottom has signalled a beginning of a new trend
and may well break the 13190 resistant.
A decisive break out above well predicts targets at 13376&13480
The index is assessed as technically positive for the medium long term
Thanks for watching
Trade Safe
The index is between the support at points 13000 and the resistance at points 13190.
An ABC Gartley formed at 13000 in conjunction with a double bottom has signalled a beginning of a new trend
and may well break the 13190 resistant.
A decisive break out above well predicts targets at 13376&13480
The index is assessed as technically positive for the medium long term
Thanks for watching
Trade Safe
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