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DAX Index update 31.10


weekly signals : https://www.tecet.net/?p=1439


We had good bounce in bearish trend this week. Now DAX facing important test. Price approach sellers zone and even with good fight did not break out above 11500. 

DAX fix a bit statistics and October end with – 6.53% which is improvement for about 3% from early this week. 

Lets be careful now as next days will determinate if we have chance for higher target 11550/600 or that was it and index will retest lower targets 


4h chart shows decline from average price measured by MA100


Weekly retest of MA200 succeeded and hold advance for now, hover there can be more attempts this week 


Watch for action at 11320/260 for support there

fail will open short targets 11130/085 and turn this action in to next leg lower with targets provided in weekly update


Supports and resistances:

11670.00 **

11570.00 **

11520.00 ***

11421.00 

11317.00 **

11264.00 **

11209.00 *

Good luck!

4 Comments

  1. Tecet

    Price breakout from previous resistance and created high at 11651 tagging another long target from weekly update.

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