Monday 27 July 2020

Xetra Dax 30: Fighting resistance at the front end of the cloud:13024!

Xetra Dax 30 : Fighting resistance zone at the front end of the cloud :13024! Top end of the cloud is a key support zone to be tested. If support fails at top end of the cloud there is downside risk towards 12529 the bottom end cloud chart support zone!

The current long trade is still up from the bottom cloud support at 11839, and any weakness below 12529 will be a sell signal of the most recent long trade. The easy money has been made, now need that breakout past 13024!

Critical week ahead!

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