Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Wednesday, November 9, 2011

The DAX on 1 hour timeframe is right on the 5740 support.It has been tested 5 times already.
Will it fail this time, or is this the perfect Risk Reward opportunity for the bulls ?
I will be watching it closely tonight as the Nyse is about to open.Anyway in case the support holds the target is 6092 and in case it fails....well i am looking to the previous lows of september.
Good Luck

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