Get started
Brandon_Leu

DAX Expecting Mark Down Towards 9,800

Short
DAX PERFORMANCE-INDEX (INDEX:DEU40)  
Brandon_Leu  
INDEX:DEU40   DAX PERFORMANCE-INDEX
Trend Analysis wyckoff
6
0
trendanalysis wyckoff
After almost 2 years of consolidation . DAX is currently in Mark Down phase. Index broke a significant upward trend line last week. We will expect Mark Down continue towards 1st objective 9,800.

9,800 target was established based on:
- 2.168% Fibo projection
- Previous Resistance-turned-support
- Whole Number (Close to 10,000)
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.