DAX Daily Forecast: 21 October 2018
Jason Sen | Oct 22, 2018 01:35AM ET
Dax buying opportunity at 11520/500 as we bottom at 11489 on Friday. A recovery targets 11560 and resistance at 11620/640...which held perfectly. Above 11670 today allows a further recovery to resistance at 11795/815. Shorts need stops above 11840.
Below 11450 is a big problem for bulls and risks a retest of the 2 week low at 11390/380. A break lower is a huge sell signal and is likely to trigger some big sell stop orders. First targets are 11250/230 and 11150/140 but further losses are expected in the end of the month.
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