After breaking 9000, DAX has been consolidating in a range until it broke down the S/R line (9000) on 8th Oct.
The S/R line coincide with daily S2 level which is pretty important.
A strong breakout above S2 could see price going S1, but a fail retest of S2 (including a false break out upside) would confirm this daily downtrend.
The winner would owns this S/R line until next challenge
The S/R line coincide with daily S2 level which is pretty important.
A strong breakout above S2 could see price going S1, but a fail retest of S2 (including a false break out upside) would confirm this daily downtrend.
The winner would owns this S/R line until next challenge