DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW
DAX40 running in negative trend and its immediate strong resistance are 19963 to 20173 level . Stop loss is 20100 level and it can fall towards 18200 level in short term because wave 5 was in extended zone so it can sharply fall towards 18200 level positional . Intraday purpose selling is better for targets 19700, 19670 and 19640 levels respectively with stop loss 20100 level.
QUICK FUNDAMENTAL LOOK
The DAX dropped 1.3% to trade around the 19720 level on Friday, the lowest in about three weeks, and retreating further form the record high touched early in the month.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .
