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DAX breaks major support around 9250, decline till 8925 is possible

Major support 9250 (Jan 20th low) Major intraday Resistance -9501 (20 day 4HMA) The index has broken major support 9250 and declined till 9225. It has closed around 9247. Any break below 9250 will drag the index down til…

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DAX breaks major support around 9250, decline till 8925 is possible
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  • Major support 9250 (Jan 20th low)
     
  • Major intraday Resistance -9501 (20 day 4HMA)
     
  • The index has broken major support 9250 and declined till 9225. It has closed  around 9247.
     
  • Any break below 9250 will drag the index down till 9126/8925.
     
  • On the higher side any above major intraday resistance 9501 will take the index till 9577/9625/9655.

It is good to sell around 9250-9300 with Sl around 9450 for the TP of 9000/8925

 

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