The Dax rebounded from old cloud chart support levels at the 11567 zone! But price action is still below the cloud, and that's overall bearish from a cloud chart perspective.
Long-term outlook is bearish since price action is below the cloud on both the daily and weekly cloud chart! The cloud chart cross sell signal was up at 12600 zone!
The bottom end of the cloud is now a major resistance zone!
Lookin at the 60 min chart, the short-term swing trade here is the rebound from the 11567 support zone , back up to the bottom cloud chart resistance zone!
Resistance levels to watch are 11731. then if the Dax breaks past that, then the 11846 zone!
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