? DAX, S&P500 Remain Under Bearish Pressure ?

2 min read

Dear Traders,

the DAX30 is continuing sideways within a larger consolidation zone. The correction will probably unfold a in triangle chart pattern which could end in the near future. The next breakout direction will be an important factor whether a downtrend or uptrend is expected to start… for the moment a bearish breakout seems more likely, but that will depend on whether price will break above resistance or below support.

S&P500 broke a key support trend line and could be ready for a larger bearish retracement. This index could challenge the bottom in the next days and is likely to build a consolidation pattern first before starting a new up or downtrend.

Check out the video for the full analysis and trade plans on 20-27 March 2018:

  • DAX30, S&P500 technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potentrial trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail

See the video below for all of the details

Good trading,
Chris Svorcik

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