Dax Price Action – Approaching Key Support Zone | Apr 13

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DAX – Starting To Pullback Into Key Support Zone (4hr chart)
After breaking out higher from the 12.100 level we talked about in our member commentaries, the German index surged almost 300 pips. Today the index pulled back a bit and is heading towards our key support zone.

I’m looking to get long in this zone wanting to trade with the trend. Upside I’ll look towards the yearly highs to get re-tagged, along with an attack on 12.500.

Only a daily close below this key support zone negates my bullish bias.

dax

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