Level 13000 points on DAX has been causing problems for the bulls for a long time. This can be seen on the first weekly chart. This is where a lot of market reaction has occurred, both from below and above. This area has also entered the game in recent weeks, and fierce gameplay is taking
Last week in the stock markets began with a strong increase, while the bulls became breathless with time. As a result, we saw a spike turn into ever greater disappointment and a bull-trap on many major indices. One of the examples is the DAX, where buyers undertook to cross the resistance zone in the area
Since the beginning of this week, the bulls have been trying to get out of the weekly consolidation, built under resistance from the daily chart under 12450 points. I marked the previous places of reaction of the sellers with red arrows. The bulls were closest to success yesterday, but instead of continuing the upward movement,
Yesterday in the stock markets was very successful for the bulls. Increases did not miss the trading floor in Germany. It is worth realizing, however, that last week's drop left negative technical consequences. As you can see in the graph above, the area marked in red gave buyers a lot of trouble before. This is
Sellers are getting better at DAX. But this is not an exception, because many of the major stock indices behaves in a very similar way. Attention is drawn to a halting of the rebound in the weekly gap in the first half of March. Below this level, the head and shoulders pattern has recently been
