Market Overview

Technical Forecast for Dax

Technical Forecast for Dax


Dax Sep13 dipped to 8284/81 & bottomed exactly here then raced higher towards 8382/87 & topped just below. There is a potential short term head & shoulders forming with a neck line at 8240 so watch this level this week. A break lower would give us a measured target of 8062.


Immediate resistance at 8382/87 & we should struggle here again but shorts need stops above trend line resistance at 8410. A break higher would negate the head & shoulders pattern & target 8437/42 before August highs at 8464.


Support at 8284/81 could hold the downside but longs need stops below 8267 for 8251 then last week’s low at 8231.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


Related Articles

View Comments and Join the Discussion!

Partner Center