Price returning back into range - DAX August 9th
Hello traders,
this morning the DAX broke out of the range again, above the resistance 11731. Now we are back in the range and we can expect bearish moves.
A good entry-level to enter short is to wait for a retest at the resistance 11731. We can then target a demand zone inside the range (11618 - 11640)
If the sellers are very strong, we could also see a test of the bottom range (support 11551)
Have a great trading day!
this morning the DAX broke out of the range again, above the resistance 11731. Now we are back in the range and we can expect bearish moves.
A good entry-level to enter short is to wait for a retest at the resistance 11731. We can then target a demand zone inside the range (11618 - 11640)
If the sellers are very strong, we could also see a test of the bottom range (support 11551)
Have a great trading day!
Related publications
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.