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ThinkingAntsOk

Weekly Analysis on DAX by ThinkingAntsOk

GERMAN STOCK INDEX (DAX) (TVC:DEU40)  
ThinkingAntsOk  
TVC:DEU40   GERMAN STOCK INDEX (DAX)
Trend Analysis Support and Resistance Multiple Time Frame Analysis DAX Index DEU30 dax30 germany30
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trendanalysis supportandresistance mtfa dax deu30 dax30 germany30
Main items we can see on the chart:

a)The price has reached a major resistance zone

b)We can see 4 situations in the past in which the price rejected the zone with 3 to 4 weekly candlesticks

c)LONG SCENARIO: After that, we should expect a bullish movement towards the next resistance zone at 13.500

d)SHORT SCENARIO: If the price keeps falling after the contact with the resistance zone, we should look for short positions towards the support zone.
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