Dax Index - We Look to Sell a Break of 10250
Dax Index - We look to Sell a break of 10250 (stop at 10325)
Dax Index - Prices have continued the bullish move
higher and resulted in 3 consecutive positive days. The overnight rally
has been sold into and there is scope for further bearish pressure going
into this morning.
A shooting star has been posted on the intraday charts. An Evening Star formation has been posted at the high. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. This has resulted in mixed signals and we prefer to trade a break. Our profit targets will be 10130 and 10060.