The Dax closed at 4675 on Friday 24 of April reaching the high of the 17 of April at 4680.
This is a very important level. Clear overbought indicators are warning that this rally might be overdone. Some front running trend indictors are showing the first signals of a trend reversal.
In addition the cyclical bearish trend line is passing here, suggesting that the next 2/3 week will be characterized by a sell off in stocks.
Trading sell this level at 4675
Stop 4850
Targets 4400 & 4250
This is a very important level. Clear overbought indicators are warning that this rally might be overdone. Some front running trend indictors are showing the first signals of a trend reversal.
In addition the cyclical bearish trend line is passing here, suggesting that the next 2/3 week will be characterized by a sell off in stocks.
Trading sell this level at 4675
Stop 4850
Targets 4400 & 4250
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