DAX 30 - Oct 19, 2016

by Evgenia Gencheva Tue Oct 18, 2016 8:08 pm

DAX is in consolidation on small charts, before to stand over the last resistance of downward channel. From last week we saw breakout and pull back on this diagonal resistance, today second breakthrough, so in next days I expect breakout of 10730. Major resistance points before 10980 level and over 10730 are 10830, 10930.

https://i.servimg.com/u/f97/19/53/74/92/forex138.png

https://i.servimg.com/u/f97/19/53/74/92/forex140.png

For tomorrow we'll see test support to 10600 level, after that, I expect top of moving wave 5 - 10730 to be reached.

https://i.servimg.com/u/f97/19/53/74/92/forex142.png