motleifaul

Confirmed Bottom

Long
motleifaul Updated   
XETR_DLY:3XJN   X-DAX Index
The current level can be seen as a bottom. There is no sharp level but the open March window has never been closed until today. It has been tested several times so that we may assume that there is kind of a zone supporting this level. I expect a corrective rise from here the more that the sentiment has turned bearish and many dealers are sitting at short positions now and more are waiting for a recovery to sell as well.
Trade closed: stop reached
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.