motleifaul

Will there be a Correction?

Short
motleifaul Updated   
FX:GER30   DAX Index
We reached a support zone. This zone has been tested in the past and sometimes temporarily broken. I expect it to happen this time again, i.e. the index shall flucuate around it for a while and the decide whether it will break through or retrace up. There is a cross resistance at around 12300-12350 which I see as a target that shall not be broken to confirm the uptrend.
Trade closed: target reached
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.