Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on DAX 40?

Should we expect a breakout or a rebound on DAX 40?

Should we expect a breakout or a rebound on DAX 40? post thumbnail image

DAX 40 is about to retest a key horizontal resistance level near 21324.8008. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Target: 21324.8008 Entry: 21230.7 Stop: 21185.351

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