- March 24, 2019
- Posted by: gmiadmpanel
- Category: News
German Dax Index clearly re-tested its 200 Day Moving Average and completed its bearish divergence. It has also closed below the crucial level of 11400 on the daily timeframe and formed the bearish convergence.
On the weekly timeframe its forming the bearish hidden pattern which indicates that it may continue to move lower in the weeks to come.
The short term downside target remains at 10250 and the long term target could be in between 8300 – 8500.
The trade preference remains to sell the rallies until it invalidates by closing the daily above the last high of 11842.