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Dax on key support levels that will decide the short term movement

DAX Daily Chart

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DAX D1 Our Expectations - Upward Main Trend, Horizontal and Diagonal Support. In this zone is also located 23.6% Fibonacci, measured from the bottom on 27.12.2018 to the last peak. This gathering of multiple supports in one area makes them even more significant, which will also give the necessary assistance to buyers to keep the trend under control. A break below will result in a test of 200 MA on a daily chart of about 11965.

Chart: Used with permission from Bloomberg Finance L.P.


 Trader Aleksandar Kumanov

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