Technical Analisys & Overview Jan, 8, 2018

Jan, 8, 2018 Technical Analisys & Overview

First of .... Happy new year and a successful 2018, i wish u all a lots of pips this year

You well come to leave any comments bellow and i will try to keep updated the idea as much as i can

The previous Daily analysis Dec 29th has fails due to a next day strong rejection from the floor of the trent line, however the idea has been daily updated in the comments below,
have a look also to this one.........................

Jan, 8, 2018

Dax is in a rising trend and a continued rise within this trend may be expected.
In addition, the price has now rejected the floor of the trend channel, with a strong reaction up.
The index has overlap a 7 weeks range giving a positive reaction, this indicates that the index is strong and further development in the same directions is indicated
The index remains bullish above 12900.
A successful break out above the resistance point at 13500 would well target points:

TP 1@13711
TP 2@13940
TP 3@13169

Dax is overall assessed as technically positive for the medium long term.

Thanks for your likes and comments
Have a successful and safe trading week

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