I expect the bullish trend to start for Dax, but as I drew by using fibonacci circles, we are in the downtrend right now, and the bottom of this channel will support the area I show with the green box, our target will be 13297 when the resistance zone that I marked with the red box is broken. Please support by liking and do your own ideas as a comment
DAX looks bearish to complete the correction, overall trend is UP, watch the 10,000 level
We are in a very important point that can reverse the market, Please share with me your thoughts, kind regards,
1. short --> 2. long One low left and than a closing above 13.000?
Looking at a uptrend on the DAX30 CHART. DAX30 is gaining momentum following the recent heavy downtrend during the COVID-19 issue. At the current price level, we've got a bearish. Expecting the downtrend to move to fibo 61 before a bullish movement... If you like my idea, please do not forget to like And subscribe. Gracias🙂
Our forecast for the next week on DAX ------ Trading Kitchen
In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart.. The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I...
In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart.. The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I...
Dax continues to trade inside the short term rectangular range (10250-10900) ,11000 area remains as the major resistance which is also the 50% Fib retracement level (13820 - 7965 sell off) .Price got squeezed inside the major EMA - Fib levels since a month backed by the Q1 earnings numbers + ECB's comments on the strong intervention to support the economy,though...