TradingView
NeverNO
Nov 6, 2022 1:40 PM

DE30 Short

Description

The German index will soon face a major resistance zone between 13697.30 and 13936.5.
Until then, he should initially reach and surpass 13584.4 & 13623.
The main target is @13774, which is 200% of the AB's Fib expansion /red circle/.
If there is no daily close above 13940 then we should see a bearish move below 13251 in November.
In this case the main downside target for November is @12386.91 (also lower) and should remain red.

Comment

13697.3 reached!

Comment

All indices have to make a new high next week, and after that it will be interesting to see if there will be a drop or if they will continue to rise (which I'm not advocating).
DE30 will face resistance in the zone between 14414.2 and 14616.7.

Comment

Daily
More