This is JUST my opinion, i'm no specialist at all.
DAX got rejected on 15170. Now in a parabolic movement to the upside.
I draw a support line with has been rejected multiple times.
Also the RSI and volume checks out.
I think a lot of people are shorting at 15270. If we brake through and fail to brake back below,
i think we could go back to 15400 or higher.
Hey, for this 11/03 i will wait for price to touch the trendline to enter !
I didn't want to get into the dax because of the euphoria that has accompanied it in recent days, but with this slight breath and the news that will fall on ECB interest rates, I feel the bull coming from afar
I will update if i take trade
Since the beginning of the year, the German Index consolidated above its previous ATH.
At this point, it seems like a correction is just around the corner and Dax can take a dive to 12500
Selling rallies in this anticipation can have a great R:R
Sell a break at 13988.
Overbought extremes early optimism is likely to lead to gain allthrough extended attempts higher are expected to fail. A higher correction is expected.
A move through 14000 will confirm the bearish momentum.
price chart with gaps almost every day is typical for very thinly-traded securities and should be avoided. Prices often gap up or down at market open, but the gap does not last until the market closes. Such temporary intraday gaps should not be considered as having any more significance than normal market volatility.