DAX is topping short term. Fast profit opportunity.
DAX trade excatly as expected last time (chart at the bottom) making a new Low in the established Channel Down.
The price reached the 0.5 Fibonnaci level today, a reading which formed the August 31st Lower High on the other -6.50% bearish leg.
Sell now and target 15150 (Rising Support) but close if it reaches first the 1day MA50 as the MACD Buy Cross can completely reverse it long term.
Previous chart:
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The price reached the 0.5 Fibonnaci level today, a reading which formed the August 31st Lower High on the other -6.50% bearish leg.
Sell now and target 15150 (Rising Support) but close if it reaches first the 1day MA50 as the MACD Buy Cross can completely reverse it long term.
Previous chart:
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