3DES (MILAN or FRANKFURT) UP ON the tether line + hull moving average green! Long the 3Xshort and stop loss 4,89 . Rising Volumes , as before the covid crash
The Dax has recently played off of our short level the endless rotation at the 13305 was the indication that there is a stall in momentum from the upside. Meaning we could see a retrace. It's not as strong as the US equities due to the European economy, German economy and the monetary policy.
We are watching the retrace into the 12880 support as the first pitstop...
we have more than reason like bat pattern . AB=CD . resistance line to short dax
by following shown targets and stop lose
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So...
Looking to sell dax at the end of this week at around the close if it is bellow or near marked entry price on the weekly chart. Stop is very tight (if the price of wave 4 goes into wave 1 territory i consider it wrong).
the index is forming wave B of wave 2 after completing a leading diagonal in the form of five waves up.
expect the index to continue lower in the coming sessions before turning north again.
