German Dax – Corrective Structure + Resistance Being Challenged | Sep 8

German Dax – Corrective Structure Being Threatened (4hr chart)
For the third time in a few weeks, the German Dax is threatening the resistance of a corrective structure + key resistance near 10350. Notice the 3 touches to the upside while only 1 to the base support.

This suggests a building to the upside, and a break here should will change the price action context ST.

A daily close above here puts 10575 on notice. Only impulsive selling from here will relieve the pressure ST, likely for an attack on 10K.

dax

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