The DAX Index I making a Rally Up If You Missed Previous pullbacks this is the perfect time to enter long, Because Momentum is steady shifting on the MACD and The EMA Along with the MACD lines are on a Long Bias. size position correctly and protect your downside. this is ofcourse on the daily chart. It Also Pulledback on the Megatrend Indicator giving a false reversal.
Price has been bouncing around the major support zone on the 15m chart being rejected for the third time now, this must be an indication of bulls are trying to push price away from the resistance zone but every time a move away from the resistance occurs it gets rejected by bears in a major pressure shown by the engulfing candle sticks. NB!! double check analysis...
