Short
InvestMate|DAX Where will the correction end? 🇩🇪
🇩🇪 DAX Where will the correction end?
🇩🇪 The last few months on the main German DAX index have been really rich in growth since the bottom we have made a correction with a range of more than 22%.
🇩🇪 In my opinion, now is the right time for a correction and to look for where it could end.
🇩🇪 On the chart I applied several technical analysis tools.
🇩🇪 At the very beginning I determined an upward trend channel. From which we have not been able to break out.
🇩🇪 I measured from the bottom to the current peak the current upward wave using a fibo grid in order to find intervening places to buy.
🇩🇪 With the help of the 0.5 level of the entire upward wave and the fact that the price has reacted at these levels in the past, I determined a support zone.
🇩🇪 Based on the recent current highs, I determined a resistance zone.
🇩🇪 The scenario I am playing out is to execute a correction in the entire uptrend momentum to the support levels marked on the chart
🇩🇪 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀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.🚀
🇩🇪 The last few months on the main German DAX index have been really rich in growth since the bottom we have made a correction with a range of more than 22%.
🇩🇪 In my opinion, now is the right time for a correction and to look for where it could end.
🇩🇪 On the chart I applied several technical analysis tools.
🇩🇪 At the very beginning I determined an upward trend channel. From which we have not been able to break out.
🇩🇪 I measured from the bottom to the current peak the current upward wave using a fibo grid in order to find intervening places to buy.
🇩🇪 With the help of the 0.5 level of the entire upward wave and the fact that the price has reacted at these levels in the past, I determined a support zone.
🇩🇪 Based on the recent current highs, I determined a resistance zone.
🇩🇪 The scenario I am playing out is to execute a correction in the entire uptrend momentum to the support levels marked on the chart
🇩🇪 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀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.🚀
Note
📉📉📉
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.