DAX 30 at Risk of Trading Lower on Profit Taking, Brexit Vote
Per the pin bar candlestick, profit-taking should continue as long as the index trades below yesterday’s high of 12832.1, and the DAX index might reach the 12436.5 level, which is the 38.2% Fibonacci retracement level of the bull leg from the October low to high.
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To read the complete DAX outlook visit: investingcube.com/dax-index-at-risk-of-declining-ahead-of-uk-pms-brexit-vote/
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice.
Visit londiniumfx.com/ for trade signals, and reach out to api.whatsapp.com/send?phone=447934727688&text=AddMe to be added to my WhatsApp Channel.
Alex also offers a free educational course worth £1000 via ATFX UK. Contact us via the Whatsapp channel for more info.
To read the complete DAX outlook visit: investingcube.com/dax-index-at-risk-of-declining-ahead-of-uk-pms-brexit-vote/
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice.
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