Dax_Charts

Dax Technical Analysis 14/09/2017

Dax Outlook

We are interested in a potential long from the previous rejection pocket at around 475-480 and also at Monday’s POC down at around 440. There are multiple levels of resistance forming in the 560-580 zone and the levels are explained from the 2500 tick chart in the video:

Fibonacci Extension target 12570
Reaction line 12573
Previous POI 12573
5th Wave

Do these levels suggest that we are ready to reverse? Possibly not, but it’s more likely that buyers are going to look to take some profits there. The longer targets remain in the 12800 zone, but the entry to reach that is the difficult bit to find. Scalp shorting spots exist and there are a few pockets exist to buy from.

Watch the video for more

Dax & FDAX Technical Analysis 14-09-2017

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