Get started
marti_marti

Downtrend Line resistance ... with MA200

Short
DAX PERFORMANCE-INDEX (INDEX:DEU40)  
marti_marti  
INDEX:DEU40   DAX PERFORMANCE-INDEX
0
4
This short term up move as the correction seems to be over now - hitted 200DAY MA last week. Downtrend line has been tested again yesterday. Now we should see next down move , close the GAP and move forward lower.

If next down wave will be equal the previous one ( red price range arrows ) the Target will meet around 8580pt.

SL above 11055

Good Luck !
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.