Bearish Flag ahead?
The consolidation after the youngest selloff stopped at ist min correction Level, the 38,2 fibo. THIS IS THE LEVEL TO WATCH!
As Long as Dax ist trading below that Level (here also is based the EMA 200!), the momentum should still be bearish. A bearish Flag could be formed!
As Long as Dax ist trading below that Level (here also is based the EMA 200!), the momentum should still be bearish. A bearish Flag could be formed!
Note
the early-bird-trigger of the bearish flag is active. below 12275 we should exspect a further downwave Note
Dax reached the "real" flag Trigger Note
rsi is oversold now! perhaps we see a tiny countermove
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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.