DAX IndexUpdated DAX to correct then reversal for short term
As you see on the graph we have a triple top , a rejection from a huge major resistance after my analysis was shared for a sell opportunity from the second high !
We can see that the market could continue his huge correction with the same past scenario as shown on the graph(rectangles), a rejection from 0.5 Fibo retracement is a sign of bullish opportunity as a reserval situation to achieve our next target (see on the graph)
We can see that the market could continue his huge correction with the same past scenario as shown on the graph(rectangles), a rejection from 0.5 Fibo retracement is a sign of bullish opportunity as a reserval situation to achieve our next target (see on the graph)
Note
TP Achieved !Trade closed: target reached
After target reached for reversal situation, now we can continue our bearish trend
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.