- Blue trend line should give a push to the downside - from lows it looks like audusd has done a 3 waves correction
Expecting another leg down in audusd at least into the 50% retracement level from lows (71.50 area) SL = 0.7380 TP = 0.7144 R:R = 1:2
Black trend line is bleeding, and more downside is expected all around indexes and stock market. IF TSLA will broke the trend line there are 2 intresting levels to play: - The 100% fibonacci extension of the last 3 waves from highs, that come around 180 area - The 50% fibonacci retracement of the entire TSLA history
Expecting another leg down before resuming the multy year bull trend.
the index looks like it is correcting the cycle from 2009 lows The trendline drawn on chart is still holding. so as long as 9363 is holding dax can turn higher from here. If 9363 will be broken, than a test of the 50% retracement level from 2009 to highs is very likly.