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FxWirePro:DAX30 struggles to close above 10000, good to buy at dips

Major resistance – 10000 (close above 10000) Major support -9780 (55 day EMA) The index has taken support near 9750 55 day EMA) and jumped till 10098 at the time of writing. It is currently trading around 10003. Short te…

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FxWirePro:DAX30 struggles to close above 10000, good to buy at dips
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  • Major resistance – 10000 (close above 10000)
     
  • Major support -9780 (55 day EMA)
     
  • The index has taken support near 9750 55 day EMA) and jumped till 10098 at the time of writing. It is currently trading around 10003.
     
  • Short term trend is bullish as long as support 9780 holds.
     
  • Any break below 9780 will drag the index down till 9720/9640.
     
  • On the higher side any close above 10000 will take the index to next level till 10165/10400.
     
  • Short term bullish invalidation only below 9300.

It is good to buy at dips around 9950 with SL around 9780 for the TP of 10400

 

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