DAX Selling Could Start Soon

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The DAX is bullish intraday, but it is getting close to a level where we could sell it. Might soon hit the POC zone and drop towards support.

13875-13911 is the zone we use for selling. If the market makes a rejection off the zone we should see lower levels hit. 13620 and 13522 are final targets. However, the break above 13960 and the market will become bullish possibly targeting 14080 as the first target. There is enough momentum in the DAX for some good trading opportunities.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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