GER30 Long

FX:GER30   DAX Index
GER30 H4
Order cancelled: to late


what's the rational/technical/fundamental signal to take long there?
Kev_2209 c0les0
@c0les0, the old resistance becomes the new support
c0les0 Kev_2209
@Kev_2209, for many cases I agree, but here I see the ending impulse of 5 wave up and now it's time to take correction down at least 38% of the upper move. So, I'm expecting to see 12350 before.
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