DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW
Dax40 running in negative trend and its immediate strong resistance are 19250 to 19350 level . Stop loss is 19400 level and it can fall towards 18900 level minimum and main target is 18300 because wave 5 extended on 15 minute chart .Intraday purpose selling is better for targets 19050,19025 and 19000 levels respectively with stop loss 19400 level. 5 minute chart showing ABC pattern shown in graph .
QUICK FUNDAMENTAL LOOK
For the third consecutive trading day, stocks in Germany closed lower on Wednesday, with the blue-chip DAX index down 0.25%, amid a fresh labor market update for the eurozone.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .