Dax: A break above 13220 is a buy signal

Jason Sen DayTradeIdeas.co.uk

Dax 30 December futures

Dax shorts at our selling opportunity at 13180/200 worked perfectly offering up to 130 ticks profit on the slide 19 ticks above the 13025/020 target.

Daily Analysis

Dax minor resistance at 13080/13100 but above here 13131 retests our selling opportunity at 13180/200 with stops above 13220. A break higher is a buy signal targeting 13250/260 & 13290/300 before this week's high at 13330/338.

Holding below 13080 targets 13025/020 then strong support at 12890/870. A break below 12840 targets 12790/780 & 12700/680.

Trends

Weekly outlook is positive

Daily outlook is positive

Short Term outlook is positive

Author

Jason Sen

DayTradeIdeas.co.uk

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