German Dax Touches The First Target

The German DAX index succeeded in touching the first bearish target required to be achieved during the previous report, which is located at the price of 14980, recording its lowest level at 14990.

Today, we tend to continue falling, relying on the stability of trading below 15200, in addition to receiving negative signals from the RSI, gaining bearish momentum.

Therefore, 15030 is the first awaited target, and breaking it will extend the index’s losses so that the way will be opened directly towards the 14920 level.

Note: the level of risk is high.

S1: 15030	R1: 15200
S2:  14920	R2: 15270
S3: 14860	R3: 15370