(21 SEPTEMBER 2018)DAX:Bullish bias above 12275.00.

Pivot (invalidation): 12275.00

Our preference

Long positions above 12275.00 with targets at 12360.00 & 12390.00 in extension.

Alternative scenario

Below 12275.00 look for further downside with 12230.00 & 12190.00 as targets.

Comment

Investors have to remain cautious since these levels may trigger profit taking.

(By Swissquote TRADING CENTRAL)