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DAX faces strong support around 9250, break below targets 8925

Major support 9250 (Jan 20th low) Major intraday Resistance -9450 (60 min Tenken-Sen) The index has made a low of 9337 and started to slightly jump from that level. It is currently trading around 9362. Any break below 92…

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DAX faces strong support around 9250, break below targets 8925
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  • Major support 9250 (Jan 20th low)

  • Major intraday Resistance -9450 (60 min Tenken-Sen)

  • The index has made a low of 9337 and started to slightly jump from that level. It is currently trading around 9362.

  • Any break below 9250 will drag the index down till 9126/8925.

  • On the higher side any above major intraday resistance will take the index till 9577/9625/9655.

It is good to sell only below 9250 with Sl around 9400 for the TP of 9000/8925

 

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