Aurum Markets Blog Technical Analysis A potential bearish movement on DAX 40

A potential bearish movement on DAX 40

A potential bearish movement on DAX 40 post thumbnail image

DAX 40 is heading towards the support line of a Channel Up and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Target: 22430.7903 Entry: 22634 Stop: 22800.6

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