Neel_K

Another Story: Bears Resting.

FX:GER30   DAX index of German listed shares
We have seen a Strong Bear move with 4 of 5 days as bearish .
However the previous swing low hasn't been breached yet.
Bears will make second attempt to do so, at favorable levels.
Current bulls, unless they get reinforcements will likely give way to next swing low.

So,
IF Bulls gets re-reinforcements a double top or retest of consolidation zone.
IF More Bears join the party, looking for break of previous lows.

More,likely a consolidation phase coming up.
Pattern View
snapshot
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out