DAX - Failed break out from falling wedge
11650 is the level to watch.
A close above 11650 and establishing support here will be bullish for the DAX.
If 11650 turns to resistance, DAX could drop to 10850 level (and on break could target 10035)
On weekly charts, last week's candlestick was a bearish engulfing so expecting some declines in the short term.
A close above 11650 and establishing support here will be bullish for the DAX.
If 11650 turns to resistance, DAX could drop to 10850 level (and on break could target 10035)
On weekly charts, last week's candlestick was a bearish engulfing so expecting some declines in the short term.
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