DAX 30 NEW SUPPORT LINE + RSI
As you can see in the chart, the previous Resistance becomes now the Support (10640 area).
Take a look at the RSI too, you can see the area where the RSI ends the exhaustion (small downtrends), so that line works as a support in the RSI, but doesn't mean it has to be touched.
Today is Friday so volume is usually weaker. We may see DAX drop a little but coming back up immediatly.
Last few day's volume confirms the uptrend, everyday we see bigger volume than in the previous day. As I said, it's Friday so the volume might not be as big but on Monday it's going to increase again.
Take a look at the RSI too, you can see the area where the RSI ends the exhaustion (small downtrends), so that line works as a support in the RSI, but doesn't mean it has to be touched.
Today is Friday so volume is usually weaker. We may see DAX drop a little but coming back up immediatly.
Last few day's volume confirms the uptrend, everyday we see bigger volume than in the previous day. As I said, it's Friday so the volume might not be as big but on Monday it's going to increase again.
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