FX:GER30   DAX index of German listed shares
152 6 0
Double top at resistance, now a potential AB=CD pattern playing out following the rejection at the 78.6% fib level. A counter trend line break will provide confirmation for entry with the target being the -0.27 fib extension at 9000. Fluent with structure and a 61.8 retracement fib level from the previous up swing.
Don't forget about ECB this month :-)
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Push it higher?
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TomPip jangseohee
Good question. I'm not sure actually and mainly see it as an uncertainty to account for. I think DAX has already (partially?) calculated QE in the price, so Draghi's measures might be disappointing.
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possible
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unless this QE is so fantastic that it surprised all of us
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