Aurum Markets Blog Technical Analysis Should we expect a bullish trend on DAX 40?

Should we expect a bullish trend on DAX 40?

Should we expect a bullish trend on DAX 40? post thumbnail image

DAX 40 has broken through a line of 23384.3008 and suggests a possible movement to 23564.3906 within the next 9 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.

Supported by Upward sloping Moving Average

Target: 23564.3906 Entry: 23419.1 Stop: 23199.863

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