DAX is testing the significant downside resistance and upside support
DAX is testing the strong downside resistance and upside support 15000. This is a horizontal long-term resistance coupled with a rectangle support line. A break below this level will lead to a downside reversal into the channel support line 14200. A bounce here is a higher probability and alone more swing to a 15000 range high.
Note: look for the long trade with the stop loss below 15000
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Take a break from your trading routine and let some funds be run by us! Copy our trades!