DAX30 - Got Down to a Support Area



The price of DAX30 broke below the support. Considering an 1 hour time frame, a close below the support of the current candle would come as a confirmation for the down move. Intermediate target 9800.00. On the other hand a false breakout (the close of the candle will be above the support) we might witness a comeback of the DAX30 inside the range.
DAX30 - June 10th Breakout Under Support Update


The DAX30 has reached a support area set by 2 trend lines. I am expecting the price to be trading sideways for the next several hours inside the range set by the support from 9865.00 and 9925.00. A break above the resistance would get the price back into the Symmetrical Triangle, while a break below the support could trigger a drop towards 0.9700.


DAX30 - June 10th

Risk Warning: Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/sheunderstands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience. Hayeswell warns that the information published on this website shall not be considered as a recommendation to buy/sell/keep a certain financial instrument and that past performance of Financial Instruments is not a reliable indicator of future performances.