DAX - We should be in a (temporary?) uptrend for now.
Price bounced from the 61.8% retracement level and should now be in it's way to the 100% or 161.8% projection.
Notice also that we have a potential Head and Shoulder pattern which gives us an approximate target around 12400 also.
Look for a pullback to go long this one as it has some great R/R ratio.
Price bounced from the 61.8% retracement level and should now be in it's way to the 100% or 161.8% projection.
Notice also that we have a potential Head and Shoulder pattern which gives us an approximate target around 12400 also.
Look for a pullback to go long this one as it has some great R/R ratio.
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Looks like it's making a bit deeper correction before going up. This is gives even better R/R !
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Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Related publications
Disclaimer
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.