Tuesday, 26 May 2020

Xetra Dax: Broke past major resistance zone:11025, Next target: 11828!

Xetra Dax: Broke past major resistance zone:11025 on daily cloud chart. Expect this level to be tested for new support zone! Price is above the daily cloud chart, and that is bullish from a daily cloud chart perspective!




 Next target: 11828 bottom end of the weekly cloud chart! Price action still below the bottom end of the cloud, and that is overall bearish. Bear market rally from a cloud chart perspective!


Bullish on the daily up to the bottom end of the weekly cloud, then I guess it will be "sell in may" again!


No comments:

Post a Comment