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DAX is Testing Back the Broken Trend Channel

December 14, 2020
in DAILY UPDATES, Home, Indices, MARKETS, Technical Analysis
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DAX mini | Generic Hourly Chart
DAX mini | Generic Hourly Chart

DAX is testing back the broken bullish trend channel. If the price can stay below the 13256 resistance, DAX may reverse to the downside and may target the 13050 support again. Below 13050, 12870 can be followed as second support for the short-term movement.

Bullish traders should follow above 13256 levels. If the price enters back in the channel upward pressures may begin again.

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