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DAX pausing the rally ahead of the Fed. Buy the pullback.
Germany 40
Long
DAX pausing the rally ahead of the Fed. Buy the pullback.
By TheCryptagon
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Mar 21, 2023
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Mar 21, 2023
DAX crossed over the Falling Resistance of the early March High and the 4hour MA50. It also reached the Golden Ratio: Fibonacci 0.618.
This is a bullish breakout but ahead of the Fed Rate Decision tomorrow, it is more likely to see traders taking a neutral stance.
Buy the pullback up to Fibonacci 0.382. Target the Top at 15700.
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Chart Patterns
DAX Index
DE40
Harmonic Patterns
Trend Analysis
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