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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Friday, December 16, 2011

DAX Technical Analysis 2011.12.16

DAX index is trading in the 5,700-5,800 area for several hours now and if we look at the bigger picture, we notice that the previous lows (5,650 zone) are not in danger and there is a symmetrical triangle pattern emerging which usually is a continuation pattern.

Moreover, DAX  is recovering after a 2 week correction (from the 5th of dec.) that can reveal attracting prices for possible bulls.

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