MarcoJarquin

Long on DAX

Long
XETR:DAX   DAX Index
Sharing my observations on DAX @H4. The internal divergence in the RSI observed between points (4) and (A) make me think that price will change the trend at this point to continue the bullish macro trend, considering that price already retraced to Fibo 61.8 of its last impulse. I'd aim SL and TP to be between the two 38.2% levels of Fibo highlighted in orange, built from waves (4)-(5) and (0)-(5). As usual, I appreciate your comments and feedback.

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