Ready for another move lower?

posted by genuinelyFX at 03/26/2015 - 20:12 GMT

DAX filled the gap and meets some geometric resistance around 11900. After some distribution, it should turn lower again.

©genuinelyFX_2015.03.26_dax_hourly
DAX hourly data

 

 

And this is the hourly map for DAX. Another dip might get ready.

©genuinelyFX_2015.03.26_dax_hourly_analogy
DAX hourly data

 

We favor another bearish move.

 

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