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DAX30 ‘2618’ trade setup

  • Double top - 9925
     
  • Minor resistance - 9789 (61.8% retracement of 9900 and 9615)
     
  • DAX30 has jumped till 9789 and slightly retreated from that level. It is currently trading around 9747.
     
  • Short term trend is weak as long as resistance 9925 holds.
     
  • Any break above 9925 confirms major trend reversal, a jump till 10000/10160 is possible .
     
  • On the lower side major support is around 9600 and break below targets 9300/9165.

It is good to sell on rallies around 9775-80 with SL around 9925 for the TP of 9600/9325/9165

 

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