Just a quick update to the DAX.
Updated
Hello my Friends, Traders and Interested.
Just a quick update to the DAX. Past days we saw a quite strong upmove in Dax. Now Dax is approaching an interesting point , as you can see in my chart.
1. Retest of the breakout of the big ascending red channel and
2. touch of the upper line of the smaller descending black channel. Lines meet exactly and price goes there exactly actually
Lets see how this will play out.
Thnx for your interest,
as always, this is no trading advice, just educational.
Trade safe and trade on your on research
Whish ya all a good day
Sascha
Just a quick update to the DAX. Past days we saw a quite strong upmove in Dax. Now Dax is approaching an interesting point , as you can see in my chart.
1. Retest of the breakout of the big ascending red channel and
2. touch of the upper line of the smaller descending black channel. Lines meet exactly and price goes there exactly actually
Lets see how this will play out.
Thnx for your interest,
as always, this is no trading advice, just educational.
Trade safe and trade on your on research
Whish ya all a good day
Sascha
Note
As you can see, the retest on the red line after the breakout is now the second one from the bulls. As well a bearish sign, not to get back into the channel.
Bye
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