The DAX initially tried to rally during the course of the day on Monday, but turn right back around to form a shooting star. That being the case, the
The DAX initially tried to rally during the course of the day on Monday, but turn right back around to form a shooting star. That being the case, the market looks as if it is going to test support below, as the €10,000 level was previously resistive, and should now be supportive. A supportive candle would be reason enough to start going long, just as a move above the top of the shooting star would be reason enough to go long. We have no interest whatsoever in selling the DAX at the moment although it certainly looks like it is going to struggle.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
