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InvestMate|DAX Prepare to rally higher
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InvestMate|DAX Prepare to rally higher
By InvestMate
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Oct 28, 2022
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Oct 28, 2022
🇩🇪 DAX Prepare to rally higher
🇩🇪 Referring to my last post on dax 👇👇👇
🇩🇪 We are in a very interesting place where an upside breakout formation could take place.
🇩🇪After making a correction yesterday. At the opening of the session today, the dax index showed strength and a desire to continue the uptrend.
🇩🇪 If today's breakout occurs, the way is open to the 13500 level, which was determined by the fibo grid of 0.786 of the last downward impulse.
🇩🇪 In this situation the stop order would be below the 0.618 level of the same wave at 13125
🇩🇪 The impulse sequence can look like this as I have drawn on the arrows
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Chart Patterns
DAX Index
DE40
euro
Fundamental Analysis
germany
index
investmate
LONG
Trend Analysis
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