🇩🇪 Looking at the last few weeks on the dax, we see quite a bit of unwinding after new lows.
🇩🇪 The dax has already rallied more than 15.40% from its lows
🇩🇪 In my last post where I perfectly predicted the correction that took place last week.
🇩🇪 It was followed by a breakout to new highs but I believe that the correction potential has not yet been fully exhausted.
🇩🇪 It is unusual in a serious long-term downtrend for the price to just keep going higher and higher from a new low.
🇩🇪 Sooner or later a correction comes.
🇩🇪 Is the 13600 level the ideal time for a correction?
🇩🇪 Definitely highly likely in my opinion.
🇩🇪 My assumption is confirmed by the fact that we are in a place where the price has already reversed direction once in the past and that it is one of the more important fibo levels 0.382 of the whole downward wave.
🇩🇪 The correction targets will be 2 levels, one more likely and the other a little less likely These are the levels 0.382 and 0.5 of the current upward impulse. These are places where the price has found support many times in the past
🇩🇪This is a long-term scenario, I do not even exclude breaking out even higher before the decline.
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