Outlookb head DOWN

MACDdirection

Momentumdirection

Weighted M.A.direction

Wed, 15 Aug 2018 09:43:55 +0300
30 Minutes
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DAX

 

ENTRY 12366.00 TARGETS 12341.08 12328.62 12303.70 12272.55 STOP LOSS 12428.30

 

Scenario 1

DAX is currently trading between 12428.30 and 12366.00.  Further weakening of the market, will push prices lower to breach the swing level at 12366.00 triggering a sell signal.  Immediate take-profit targets are estimated at 12341.08 and 12328.62.  A protective stop loss is strongly recommended at 12428.30.

Scenario 2

Should the index manage to exceed the resistance level at 12428.30, it will eliminate the downtrend scenario, generating a buy signal.