DAX 30 - again on resistance-median line of Bolinger, which gives us a signal of a possible correction in the morning until 9747 and a new test of the breach of the diagonal resistance. This is the place for new long positions.
The short-term uptrend,after the double bottom of 9614, is still in force, each reduction in the price will be used to fill the portfolios with new long positions. This is why we should wait for the initial negative movement and seek a place for purchases of smaller graphic.
Double bottom? It is still too early to answer this question. The Price broke above 9747, which gives us a new bullish signal. Now, after a slight adjustment after reaching the resistance,it is again time for purchases, we should only have to wait for the price to reach the support on 9747. Than we should move on to a smaller graph to search for places for long. We shouldn't rush after the price reaches 9747 because the negative pulse can be sharp, so we should wait for the development of the trend.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.