Outlookb head DOWN

MACDdirection

Momentumdirection

Weighted M.A.direction

Tue, 22 May 2018 14:06:39 +0300
30 Minutes
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DAX

 

ENTRY 13060.00 TARGETS 13022.40 13003.60 12966.00 12919.00 STOP LOSS 13154.00

 

Scenario 1

DAX is currently trading between 13154.00 and 13060.00.  Further weakening of the market, will push prices lower to breach the swing level at 13060.00 triggering a sell signal.  Immediate take-profit targets are estimated at 13022.40 and 13003.60.  A protective stop loss is strongly recommended at 13154.00.

Scenario 2

Should the index manage to exceed the resistance level at 13154.00, it will eliminate the downtrend scenario, generating a buy signal.