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
Green line- horizontal support
DAX is challenging the key short-term support at 15,700. As we explained in our previous analysis, DAX is vulnerable to a move lower. The RSI has so far warned bulls through the bearish divergence. Price is under pressure again today with risk of breaking below support and starting a pull back. A break below 15,700 would provide us a new bearish signal. Resistance remains key for the near term at 15,910. After a multi month upward trend, maybe it is time for stocks to take a break and we witness a major pull back. Since the major low from September of 2022, price continues making higher highs and higher lows, but each upward movement is smaller than the previous one. Traders need to be very cautious as current market conditions justify a correction towards 14,600. Will the old saying of 'Sell in May and go away' come true for DAX this year?
*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.
