INotFancy

Possible scenarios for DAX - based on structural analysis

Long
OANDA:DE30EUR   Germany 30
We still haven't completed any patterns, 4 types of patterns are still possible to play out, a regular, expanding, contracting, or running flat. It all depends on whether we break the top or not before the down-move starts. But it seems like we will have 4H divergence, and the RSI is crawling up to overbought territory. Both indicators suggesting buy weakness. Which indicates that the down-move might be close. DE30EUR

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