Technical Analysis DAX or GER30

[jadepca]

Please share your opinion about My analysis for the German Index DAX (http://danzpdoc.com/2015/03/analisis-tecnico-ger30-26-03-15/). Thanks in advance

[zisahbi]

Dax (M0) intraday: downside risk dominates.
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https://indian-forex.com/customavatars/597904916gif
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* Pivot point: 9755.00

Our preference: short position below 9755.00 with targets at 9255.00 & 9090.00 in extension.

Alternative scenario: in excess of 9755.00, aim for a further increase with 9920.00 & 10050.00 in sight.

Comment: the RSI is around its 50% neutral zone.

[zisahbi]

Dax (M0) intraday: key resistance at 9755.00.
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https://indian-forex.com/customavatars/284235267gif
* Pivot point: 9755.00

Our preference: short position below 9755.00 with targets at 9255.00 & 9090.00 in extension.

Alternative scenario: in excess of 9755.00, aim for a further increase with 9920.00 & 10050.00 in sight.

Comment: as long as 9755.00 is not exceeded the risk of a depression of 9255.00 is important.

[zisahbi]

Dax (M0) intraday: aim for 10640.00.
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https://indian-forex.com/customavatars/826769931gif
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* Pivot point: 10215.00

Our preference: long position above 10215.00 with targets at 10480.00 & 10640.00 in extension.

Alternative scenario: at the breakout of 10215.00, a continuation of the decline will be possible with 10090.00 & 9910.00 in sight.

Comment: the RSI is bullish and militates for a continuation of the progression.