Neel_K

A Possibility on Daily - Dax/GER30

FX:GER30   DAX Index
Been Looking for a break to upside for last couple of weeks. (17/18 feb) when the downward trend line broke.
Now that break has been retested and and the mid channel has been broken with clear intent. Would be looking to but the dips and trade with knowledge that we can get a 60% retrace of last leg down.
Many may view this as Head and Shoulders pattern too.

This view seems to be in accordance with my monthly view in linked chart.

Lets see how this pans out.

Comments

Spot on !
Reply
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