Akcieatrhy (Akcieatrhy.cz)
Markets  |  April 18, 2013 12:22:48

DAX, the trend is changing. Starts.



“Akcieatrhy.cz“ Classical technical analysis identifies five points marked price formation, such as rotating trend. This means that we should be prepared for that index in the near future will begin to decline.

First DAX - the daily chart. The trend line support from 2011 was broken and the price closed below it.

mso-bidi-language: AR-SA; mso-no-proof: yes; '> Graphical Analysis

Second DAX weekly chart. It is also broken by stopping the growing trend trapezoid, which confirms the price formation on the daily chart. It can be expected weakening in the near future.

Graphical Analysis

3rd Next support level is at 6400 and if not last then we would expect a further decline to the level of 600, a level of support at the level of 1980.

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DAX, trend se mění. Začíná klesat.

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