German Stock Index (11,340 will be one tough resistant)

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Updated View On German Index (4 Feb 2018)

It is proven that 11,340 will be a strong resistant.
As long as the price is above 11,100, the price shall retest the resistant again.

But in order to break out the resistant of 11,340, we will need a strong breakout candle to appear and I do not think it will happen anytime soon.



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Uwaga
Updated View On German Stock Index (7 Feb 2019)

11,340 level TP is hit and it is resisting as expected.
It may pull back for a while but I am expecting it will come back UP stronger.
It will use 11,000 as good support.

snapshot
Uwaga
Updated View On German Stock Index (8 Feb 2019)

Nice sell down we had after hitting resistant of 11,340.
I expect the bearishness momentum to carry forward for now and it can retest 10,875.

snapshot
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Updated View On German Stock Index (11 Feb 2019)

Our expected sell side TP hit.

snapshot
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