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medtabit
Oct 7, 2019 12:08 AM

DAX to correct then reversal for short term 

DAX IndexXETR

Description

As you see on the graph we have a triple top , a rejection from a huge major resistance after my analysis was shared for a sell opportunity from the second high !
We can see that the market could continue his huge correction with the same past scenario as shown on the graph(rectangles), a rejection from 0.5 Fibo retracement is a sign of bullish opportunity as a reserval situation to achieve our next target (see on the graph)

Comment

TP Achieved !

Trade closed: target reached

After target reached for reversal situation, now we can continue our bearish trend
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