themarketzone

DAX about to hit its first major resistance

FX:GER30   Indice DAX des actions allemandes cotées
As the Euro Group leaders and Greece continue their game of "Chicken", today's morning price action indicates that investors are optimistic about possible deal between both sides.
Today's huge rally in $DAX is about to hit its first major resistance zone and potentially, sell zone for those who seek bearish opportunities towards today's news.
Trend line, 200 SMA line and Structure - 3 elements to monitor today and you can also add some small bearish AB=CD pattern to this bearish scenario.

1140-1150 is the resistance zone. A close below 1130 could be a confirmation signal for the possible reversal

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.