DAX Index
Long
Updated

GER30 DAX - Simple Trend Following Trade + Fibo Confluence

211
For Dax, we have a nice structure broken up that made Higher High to continue the trend. We wait for the price to come back to 618 retracement for recent swing + 38.2 retracement for bigger swing.
Note
SMALL AB=CD on the 618 retracement : snapshot

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.