Short

Dax Forecast

By VladimirRibakov
Updated
D1 - Price is respecting the 13,000 psychological level. False break with bearish divergence.

Expecting corrections to happen now.

H4 - Head and shoulders pattern. Currently, the price has broken below the neckline.

Expecting the price to continue lower further.

Comment
The price moved lower as I expected it to, delivering an excellent move to the downside!
Bearish PatternsbearishdivergenceDAX IndexfalsebreakforecastHead and ShouldersMultiple Time Frame AnalysispsychologicalroundnumberSELLTrend Analysis
VladimirRibakov

Disclaimer