DAX_Technical Analysis
Historical there are/is no other higher levels for DAX to make a projection how far can DAX still be upward. Anyaway since few days DAX are remaining at the level of fibs_ext_0.786@11545.83 points,and it seems to be that level should be a reverse point for DAX. Three support levels I would mention here which DAX might touch them again:
1st support@11349.61
2nd support@11176.94
3rd support@11001.54
Those levels are SMA levels for certain periods.
Other scenario that DAX is over happy and climbs further to trigger the fibs_ext_0.786 and it will make a new climax.
Keep watching and trade well!
Makkaba team
Historical there are/is no other higher levels for DAX to make a projection how far can DAX still be upward. Anyaway since few days DAX are remaining at the level of fibs_ext_0.786@11545.83 points,and it seems to be that level should be a reverse point for DAX. Three support levels I would mention here which DAX might touch them again:
1st support@11349.61
2nd support@11176.94
3rd support@11001.54
Those levels are SMA levels for certain periods.
Other scenario that DAX is over happy and climbs further to trigger the fibs_ext_0.786 and it will make a new climax.
Keep watching and trade well!
Makkaba team