Trade the breakout in DAX – Colin Twiggs

In this segment, Tip TV’s Zak Mir and Nick Batsford discuss Colin Twiggs' technical outlook on major markets. The key highlight of this segment is DAX chart which suggests a major trading opportunity lies ahead, given the index has been trapped in a narrow range and a breakout is overdue.

Key points

Dow Jones Global Index – bearish money flow divergence continues to suggest long-term selling pressure

FTSE100 – drop below 6950 would open doors for 6500

DAX – has consolidated in range of 10,200-10,800, trade the breakout

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