Dax - Morningstar for CPR
Dax just printed a Morningstar Candlestick Pattern on the intraday chart.
This is a strong reversal pattern. Since it is only on a lower time frame, the reversal is expected to be small.
The target is the Kijun Sen, which coincides with the Fibonacci 50% retracement level and the central CPR zone.
Price is moving up after being in the RSI oversold zone.
Short term bias is long.
This is a strong reversal pattern. Since it is only on a lower time frame, the reversal is expected to be small.
The target is the Kijun Sen, which coincides with the Fibonacci 50% retracement level and the central CPR zone.
Price is moving up after being in the RSI oversold zone.
Short term bias is long.
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