Contributors Technical Analysis DAX30 Might Drop As The Price Is Overbought

DAX30 Might Drop As The Price Is Overbought

The DAX30 is bullish but it is at important resistance. We might see a drop as signaled by the pink dot on the chart.

13500 zone might cause the price to drop towards lower levels. Despite the bullish domination, we can see that W H3 and M H5 are just above the price. Targets are 13400, 13300 and eventualy 13113. Watch for a move down as long as the price is kept below 13668 – monthly camarilla resistance level. The intra day target is 13334.

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