DEX to FALL and retest its previous highs to make it a VALID Run
German DEX has made its higher highs and as per the technicals, every chart has to retest its previous highs. Coming week DEX will restart its correction and will retest FIX61 and may as well go back to 170000 where the run was started. TRUMP TERIFFS COMING to haunt German Economey it will add more tax and it will slows down the production. German Elections coming on 23rd feb.
Trade active
This crazy run has to end at some point! 📉 This chart has defied all technicals so far, but we have to trust in them. If this rally keeps going, studying technical analysis would feel pointless—it’s like the market is ignoring every rule!
At this stage, the price action is beyond explanation, but as per the laws of trading, a decline is inevitable. Still holding my short, targeting 17,000. Let’s see how this plays out!
What do you think? 🚀📉 #DAX30 #Trading #TechnicalAnalysis #ShortPosition
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.