RSI divergence and 200SMA is a clear resistance and neckline. We could see a spike through it and a buy opportunity. MPO of pattern could retrace the whole move from yesterday. 50SMA and fib levels could become minor resistance areas.
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
Note
Target 1 was hit and 61.8% confirmed twice as resistance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.