Title: Reversal DAX Future: Resistance zone and Spread
Post by: forex4you on Nov 26, 2022, 05:08 am
Post by: forex4you on Nov 26, 2022, 05:08 am
Reversal DAX Future: Resistance zone and Spread
Source: Reversal DAX Future: Resistance zone and Spread (http://aroundworld24.com/2022/11/26/reversal-dax-future-resistance-zone-and-spread/)
Reversal DAX Future: Resistance zone and Spread
The Dax Future is approaching a strong resistance area , which starts around 14600. Additionally, the spread between the next Future ahead and the overnext Future ahead ist strongly bearish . A reversal is expected. Additionally, the RSI is overbought.
A target price would be 14000.
The resistance area is passed above 14700 points and then a situation gets invalid
Thus a P/L ratio of 1:5 would be possible.
Next resistance will be already above at around 14900/15000.
This isn’t any financel advice.
Source: Reversal DAX Future: Resistance zone and Spread (http://aroundworld24.com/2022/11/26/reversal-dax-future-resistance-zone-and-spread/)