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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Thursday, November 10, 2011

Horizontal support breaks on DAX, what next ?

   The Dax broke horizontal support this morning, looks like we are in for some serious downward action.Next logical target is the 5140 area wich is some 540 points lower.
Now that we know we should move much lower, the question is how are we going to get there.With all the late italian monster volatility  is this going to be the perfect opportunity ?

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