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DAX Index

Dax possible scenario

By Constantin_Cristian
Updated
Dax manage to break the channel and stay above it,a retest and consolidation above it can send the index to 12950 zone. Buy Yellow zone and Sell Red zone
Comment
12420 was a good entry for bulls today,since 390 provide good support above green line. A break through 520 will open the way for 580-650 ,the next points for pullback snapshot
Comment
Short 505 with tight SL,profit and buy zone 390-260
Comment
wait for test redline at 12470 to enter long with tight SL,target 12950
Comment
12390 is next entry point, SL 12300, TP 12950
Trade active
Trade closed manually
Waiting for 12250-280 to enter again
Trend Analysis
Constantin_Cristian
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