Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on DAX 40

Either a rebound or a breakout imminent on DAX 40

Either a rebound or a breakout imminent on DAX 40 post thumbnail image

DAX 40 is heading towards 24342.9004 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Upward sloping Moving Average

Target: 24342.9004 Entry: 24282.7 Stop: 24244.782

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