Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Black lines- bearish RSI divergence
Red line- expected path
Green line- support trend line
DAX index has been in a bullish trend since mid September when price was making a low around 11,800. Now trading around 15,700, short-term trend remains bullish with price making higher highs and higher lows. However there is a warning sign by the RSI that implies a weakening up trend for some time. The RSI has been making lower highs for several weeks now. The bearish RSI divergence suggests that we could see a reversal in the Daily chart soon. This is not a reversal signal. This is just a warning. Support by the green support trend line is found at 15,220. Upside potential is limited to a move towards 16,000. Our expectation is for price to reach the yellow rectangle and reverse. A break below the green trend line will confirm the start of the reversal.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
