ExperienceTrading
Short

DAX heading towards bearish break

FX:GER30   DAX index of German listed shares
As we can see, there is an ab=cd move on the 1hr timeframe that has confirmed it by hitting the 618 fib retracement. We should be looking for a break of the 9791 support to target of 9600. If really aggressive then 9455 is a good target but first and easy target is 9649 then 9600

Also on the 5min, we can see a head and shoulder forming and gives more signs to sell plus the kumu break on 1 hr             as pointed

Tell me what you guys think....thanks

It just broke the support.
jeremyb
2 years ago
not bad
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ExperienceTrading jeremyb
2 years ago
Hi, the 618 retracement is from B-C. I don't know how to edit it to show the measurement but I will try and see now.Thanks
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ExperienceTrading jeremyb
2 years ago
Sorry I was wrong about the 618 retracement, it is actually a .382 retracement. Thanks, do you think it could it still work though?
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jeremyb
2 years ago
could you show your fibo 61.8?
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@jeremyb Hi, the 618 retracement is from B-C. I dont know how to edit it to show the measurement but I will try and see now.
Reply
jeremyb
2 years ago
you can not edit a new one, are u French? you have to post a new one .
Reply
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