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, May 2, 2012

DAX technical Analysis. 2012.05.02

The DAX Index reached the resistance zone mentioned in the previous analysis, between the 6,850 and 6,930 levels that corresponds with the 50.00% and 61.8% retracement levels of the previous down swing.

Today was mainly dominated by sellers as the concerns regarding European debts are still worrying the investors. 

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