Long

Is the holy 61,8 Fibo again the level for a turnaround?

By The_Cannalyst

Updated

The consolidation reached the maximal correction fibo-Level 61,8. Here a Turnaround could start. TP could be 9850.
On ist way up, several resistances appear: 9560/9750
Prices belwo the significant Low at 9158 will cause a selloff.

Former Analysis:

Shortterm Short?

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oh oh..that smells bearish (shortterm)

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faster than a speedy bullet..ups

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wowwww..reached Min. TP H&S...Top!

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also reached Max. TP !!! puhhhhhhhhhh

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on it`s way up are several resists: 9497 / 9557 / 9618

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microstructure also bullish with a flag

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flag target nearly https://reached...https://www.tradingview.com/x/wfxJDtaM/

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dax should not trade again below 9400 from now on! below that Level, the Sentiment again turnes bearish

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last but not least....

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nearly reached tp....above this Level, i exspect a firther upwave the next days

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