Reversal DAX Future: Resistance zone and Spread

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Reversal DAX Future: Resistance zone and Spread

Reversal DAX Future: Resistance zone and Spread

DAX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) EUREX:FDAX1!

MichiBTC2021

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