December 11, 2020 at 03:22PM
• DAX falling inside impulse wave 3
• Likely to reach 12900.00
DAX recently reversed down from the major resistance level 13500.00 (which has been reversing the price from September) – standing close to the upper daily Bollinger Band.
The downward reversal from the resistance level 13500.00 started the active short-term impulse wave 3 – which belongs to wave (3) from September. DAX is expected to fall further toward the next support level 12900.00 (low of the previous corrective (b)) – followed by the support level 12500.00.
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/dax-wave-analysis-11-december-2020-20201211/
Selected by fonecable.com
- NEWS: Weekend – Authorities in Chinese province Sichuan ordered cryptocurrency mining projects closed June 20, 2021 at 10:09PM
- NEWS: ECB President Lagarde (weekend comments): we made good progress in shaping future monetary policy strategy June 20, 2021 at 09:53PM
- NEWS: Trade ideas thread – Monday 21 June 2021 June 20, 2021 at 09:40PM
- NEWS: Economic calendar due from Asia today – China monthly loan rate setting June 20, 2021 at 09:10PM
- NEWS: UK media reports the UK lockdown will not be lifted on July 5 June 20, 2021 at 08:46PM