Germany 40Short
2nd November Inflection point for DAX?
Updated
DAX has been on a long term downtrend this whole year. We re currently witnessing a bull leg in the downtrend. The inflection point at the top of the channel also sits right on the 0.618 fibo retracement line ; a level that the DAX has consistently respected in the past. In which case will we see a move down to the 11000 region this winter?
Note
DAX broke through strongly, successfully tested the breakout and heading back up. Next inflection point will be up around the 14,000 level!
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.