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DAX30 breaks minor trend line resistance at 9450,jump till 9695/9780 likely

  • Major resistance – 9450 (trend line joining 9508 and 9480)
     
  • Major support – 9310 (trend line joining 9225 and 9302)
                   
  • The index has broken major intraday resistance 9450 and jumped till 9488 at the time of writing .I t is currently trading around 9475.
     
  • Any break above 9450 will take the index to next level till 9538 (90 H EMA)/9695 (200 HMA).
     
  • On the lower side, any violation below 9310 will drag the index till 9225/9161.
     
  • Short term bearish invalidation only above 9815.

It is good to buy at dips around 9450-9460 with SL around 9350 for the TP of 9695/9780

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