14/11/2014

DAX close Big Picture. My view is that the trend is down and will not get higher than the monthly 8 MA.

Month. The price is locked between the two MA:s now.








Week. Both MA:s are down. The upper 21 MA is a very strong resistance. It is only a matter of time before a break down occurs.





Day. The 100 MA should stop any rally attempt. Now trading around the falling 50 MA. The important 8 MA is sideways just above the falling 50 MA

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