InvestMate

InvestMate|DAX Prepare to rally higher

Long
VELOCITY:DE30   None
πŸ‡©πŸ‡ͺ DAX Prepare to rally higher

πŸ‡©πŸ‡ͺ Referring to my last post on dax πŸ‘‡πŸ‘‡πŸ‘‡

πŸ‡©πŸ‡ͺ We are in a very interesting place where an upside breakout formation could take place.

πŸ‡©πŸ‡ͺAfter making a correction yesterday. At the opening of the session today, the dax index showed strength and a desire to continue the uptrend.

πŸ‡©πŸ‡ͺ If today's breakout occurs, the way is open to the 13500 level, which was determined by the fibo grid of 0.786 of the last downward impulse.

πŸ‡©πŸ‡ͺ In this situation the stop order would be below the 0.618 level of the same wave at 13125

πŸ‡©πŸ‡ͺ The impulse sequence can look like this as I have drawn on the arrows

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