Johnny_TV

Rare!! DAX gets hammered after Bull Island

Short
XETR:DAX   DAX Index
A very rare bearish signal on Germany's top market index? The hammer which a retraction-barrier zone around gaps is shaping together with a high-volume pile suggests exactly that. DAX closes this week just under the forementioned R.B.Z. and doesn't muster the strength to close over monday's opening. Overbearing timeframes show that Germany's Most Wanted tried to push significantly over its ATHs for the third time now, but are about to give it up any time under 15'615.
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