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the5erstrading
Oct 10, 2019 11:42 AM

DAX Index – an Uptrend or Technical Correction? Short

GERMAN STOCK INDEX (DAX)TVC

Description

On the H1 time frame, the DAX seems to be bullish,
But if we take a look at the higher time frame we can see it is only a technical correction.
The fresh supply above is confluence with Fibonacci 61.8% which creates a powerful setup to sell the DAX index.
I'll sell at the moment the price will touch the supply.
The target will be 11.700 zones.
Comments
CeoCodes
nice analysis!
the5erstrading
@CeoCodes, Thank you!
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