DAX analysis | 1D - Bearish market
The price has broken the 200-day moving average power downwards! But there is no good volumetric support for the downtrend so far !
If the price can close below 14950 by the end of today, we will most likely see a downward trend.
If the price continues to decline, according to today's and tomorrow's news, as well as the use of lower time frames, we can enter the buying position based on the specified support points.
The support points are drawn based on the highest volume of transactions in the last 6 months !!!
If the price can close below 14950 by the end of today, we will most likely see a downward trend.
If the price continues to decline, according to today's and tomorrow's news, as well as the use of lower time frames, we can enter the buying position based on the specified support points.
The support points are drawn based on the highest volume of transactions in the last 6 months !!!
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