DAX OUTLOOK FOR NEXT WEEK

The past week was quite volatile as they have lately been. This is obviously good for very short term traders and intraday traders.

Below weekly DAX chart, the mid term trend is up. Weekly close below 6600 would be a heads up since it would signal a mid term trend reversal.

WEEKLY DAX CHART

Volatility is better seen on the daily chart below. It is questionable if this is a bullish rising channel or a bear flag. The short term trend is up until important supports are taken out. I’ll post levels intraday since they change quite fast/often depending on volatility & price action.
DAILY DAX CHART

DAX estimated weekly range 280 points; 7150 – 6585

Trading suggestion: Stay aside the first hours next monday. Not much important macro data on monday, FED Ben B. speaks 16.00 (GMT+2). Look to buy dips. Better take smaller positions since volatility is high.

Start typing and press Enter to search