Stock index DAX 30 continue to move within the downward channel. At the time of publication of the forecast, the exchange index rate is 10,780. At the moment, we should expect an attempt to grow and test the resistance level near 10850. Where should we expect a rebound and the continuation of the fall of the DAX 30 quotes to the area below the level of 10,350.
DAX 30 forecast & technical analysis December 19, 2018
In favor of reducing the stock index quotes, a test of the trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper limit of the model «Triangle». Cancellation of the option of falling index quotations will be a strong growth and a breakdown of the area of 11105. This will indicate a breakdown of the upper boundary of the channel and continued growth of the DAX 30 with a target above the level of 11450. Wait for the lowering of the DAX 30 quotes to accelerate with the breakdown of the lower boundary of the «Triangle» model and close below 10550.
DAX 30 forecast & technical analysis December 19, 2018 suggests an attempt to test the upper limit of the downward channel near the area of 10850. Then, the continuation of the fall with the potential target below the level of 10350. The test of the trend line on the relative strength index (RSI) will be in favor of lowering the quotes. Cancellation of the fall option will be the breakdown of the area 11105.
