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- DAX30 is showing continuous selling after making a high of 12956 on Jun 20th 2017 and has broken major psychological level of 12000.It is currently trading around 11947.
- The index minor trend reversal can be seen only above 12340 (89- day EMA) and any convincing break above will take the DAX to 12445 (100- day MA)/12574 (61.8% retracement of 12956 and 11936).
- On the lower side, any close below 11900 (200- day MA) confirms bearish continuation, a decline till 11849/11719 (Feb 24th 2017 low)/11422.
It is good to sell on rallies around 12100-150 with SL around 12340 for the TP of 11840/11720.
