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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
