Dax consolidates before the breakout


DAX40

The picture shows a broad consolidation lasting from the beginning of the week. Currently, we expect a breakout of the marked area and a lot of traffic as consolidation is usually picking positions in order not to trigger a large change in price. I gave the lower range a few days ago, and I personally hunt for it all the time. The top range is the last high peaks as a strong resistance.

Daily R3 15680
Daily R2 15600
Daily R1 15540
Daily PP 15465
Daily S1 15405
Daily S2 15330
Daily S3 15270

DAX

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Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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