DAX GANN LEVELS AND WEEKLY ANALYSISCAPITALCOM:DE40 backtested support around 14960 and rebounded to close above 14080 resistance yesterday. This signals a short term bottom formation with today's range being 14080 to 14230.
CAPITALCOM:DE40 made a high above 14180 resistance and rejected to backtest the 14080 support so far today. We can expect DE40 to continue to rally above the R1 14330 next week. If that does not happen, and R1 holds, we expect the DE40 to break below the 13960 support and continue lower.
Good Luck!
