Hello traders,
this morning the DAX broke out of the range again, above the resistance 11731. Now we are back in the range and we can expect bearish moves.
A good entry-level to enter short is to wait for a retest at the resistance 11731. We can then target a demand zone inside the range (11618 - 11640)
If the sellers are very strong, we could also see a test of the bottom range (support 11551)
Have a great trading day!
this morning the DAX broke out of the range again, above the resistance 11731. Now we are back in the range and we can expect bearish moves.
A good entry-level to enter short is to wait for a retest at the resistance 11731. We can then target a demand zone inside the range (11618 - 11640)
If the sellers are very strong, we could also see a test of the bottom range (support 11551)
Have a great trading day!
