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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Tuesday, February 28, 2012

DAX Technical Analysis 2012.02.28

The bearish signs are still on the chart of the DAX Index but it seems the bulls are still strong below the support level of 6.800, even though the mid-term bullish channel was breached twice.

On the short term (a few days) we could see a new high that will bring prices back in the channel. The double bottom pattern has a target of 7.000, which is a psychological level.

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