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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