Dax weekly report 20190815

Intermediate

Dax retests & holds the low so far at 11435. A break lower targets 11400/380, 11320/300 & below 11280 risks a slide as far as support at 11180/170.

Bulls need a double bottom at 11435/425 to trigger a recovery targeting 11485/495 & first resistance at 11520/530. If we continue higher look for 11580/590 & minor resistance at 11630/640. Try shorts at 11690/710 with stops above 11740.

Dax index monthly

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