DAX is creating a big iHS on the daily. It moved in tandem with other major indexes but recently DAX was stronger than DIA and specially SPY. The economy is not in favor of a bull run yet and this bear rally will soon come to an end. It seems they want to test summer highs and even print 14k to hunt some serious stop losses which may push the price even higher but RR is in favor of short setup.
My target is 12400 if this plays out.
Let’s see how it evolves in coming days.
Obviously not Financial advice.
My target is 12400 if this plays out.
Let’s see how it evolves in coming days.
Obviously not Financial advice.