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VladimirRibakov

Dax Forecast

Short
VladimirRibakov Updated   
CURRENCYCOM:DE30   None
Trend Analysis Multiple Time Frame Analysis Head and Shoulders DAX Index forecast SELL Bearish Patterns psychologicalroundnumber falsebreak bearishdivergence
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trendanalysis mtfa headandshoulders dax forecast sell bearish psychologicalroundnumber falsebreak bearishdivergence
D1 - Price is respecting the 13,000 psychological level. False break with bearish divergence.

Expecting corrections to happen now.

H4 - Head and shoulders pattern. Currently, the price has broken below the neckline.

Expecting the price to continue lower further.

Comment:
The price moved lower as I expected it to, delivering an excellent move to the downside!
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