DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW
DAX40 running in negative trend and its immediate strong resistance are 19128 to 19186 level . Stop loss is 19275 level and it can fall below 19800 level in form of wave c after completion of double zigzag correction pattern .Intraday purpose selling is better for targets19060,19030 and 19000 levels respectively with stop loss 19275 level.
QUICK FUNDAMENTAL LOOK
The DAX declined by 0.6%, trading near the 19,040 level on Friday, as weaker-than-expected PMI data heightened concerns about the increasingly bleak economic outlook for Germany and Europe.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .