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DAX30: Sell below trend line break out

  • Major support – 10060 (Hourly Kijun-Sen , trend line joining 9363 and 9924)
     
  • Major resistance- 10200 (trend line joining 10487 and 10374).
     
  • The index has once again retreated after making a high of 10197. It is currently trading around 101063.
     
  • Short term trend is weak as long as resistance 10200 holds.
     
  • Any indicative break above 10200 will take the pair till 10374/10487.
     
  • On the lower side, support is at 10060 and any violation below will drag the index down till 9925/9820 (200 HMA).

It is good to sell below 10060 with SL around 10200 for the TP of 9925/9825

 

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