So if we really had 4h fake out move yeasterday ( we can think about it cause weak momentum yeasterday and now we are going down - no byuing presure) So its my target to teste the untested lvl compare with 1,1 and fibonaci level
This is my Fresh weekend view on Dax index. I thinks this is waht we will se now and truly resistence after breakout support. I love sequetion like this because if you patience its easy to play. This pattern corelate great with whats going on at sp500 index. They moving same expect the fact thats dax making almost 2x bigger moves than sp 500.
Ok guys so for me wee look strong BUT we are facing most OP Crucial resistance and its hard to belive we will crush it without correction, retest of previous resistance. So because for me this level is strong i decided to open short with target on the chart. Share your thought guys, hope it will works.
Btw 4h RSI also looks crazy like need some reset.
We may break and close my short maybe i will regreat it later but ok i take a risk with long. Its possible for us to break up like nasdaq did and Dax have room to grow. If we break i mark importatn resistance on chart so iwill keep my long than go short easy trades finally on the way.
Ok its a lot of ideas about whts now with sp500 and dax. For me if i dont think about fundamental i think we need to go higher. Evrything is on chart. For people who dont play de30 ( dax - german index) i suggest to take a look because dax have space to go higher .like sp500 till we are above this strong support level.
If somebady needs fundamentals ( i think no...
I just want to make it simple so i will wait for high clarity entry in my opinion. So i take fibonaci levels from begining of this big drop and the second fibo i use on first biger correction as you can see on the scree. So i found fibo cluster 61,8 and 78,6 and i will short it if we can go there. If we cant touch this level than i know i want to long on lower...