preconditions:
- accumulation before level
- there are many stop losses behind the limit level.
- things can change if bad news comes out.
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- A very decent long opportunity on the rests of the trend line.
-The fib level 23.8% is in line with the demand zone which adds extra confluence that price could potentially retrace from that zone.
-The trend line is also in line with the demand zone and 23.8 fib level which indicates that this is a good high probability set up.
- The 50EMA is below price which...
Germany stocks were higher after the close on Wednesday, as gains in the Basic Resources, Transportation & Logistics and Financial Services sectors led shares higher.
At the close in Frankfurt, the DAX gained 0.16%, while the MDAX index added 0.56%, and the TecDAX index gained 0.19%.
The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which...
Middle bollinger band is giving a good support to push the price up and reach 0 level of fibo.
Note: Trade at your own risk.
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