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DAX30 Might Drop as The Price is Overbought

Nenad Kerkez

13500 zone might cause the price to drop towards lower levels. Despite the bullish domination, we can see that W H3 and M H5 are just above the price. Targets are 13400, 13300 and eventualy 13113. Watch for a move down as long as the price is kept below 13668 – monthly camarilla resistance level. The intra day target is 13334.

The Analysis has been done with the CAMMACD.Core and Sit Systems

This article was originally posted on FX Empire