Let`s test the trendchannel?

FX:GER30   DAX Index
642 4 38
Dax             turns into a bearish momentum. The last tradingsesions really were weak - Brexit is the ruling Theme.
Trading below 9435 will generate a target at 8.680/8.380.
If dax             could reenter the last shortterm downtrend, the chart brightens a bit, but still remains bearish .
Only prices above 10.450 will turn the chart bullish again.
Comment: next target could be 8700!
nice bear trap!
Thanks for sharing Sir. Isn't it a Bullish Advanced Gartley Formation?
oilyprata oilyprata
Sorry please ignore my silly question. I just realised you shared 2 case scenarios. Pardon me Sir
I agree with your analysis. I am waiting for some pullback after extreme overselling to close my DAX long position.
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