Channelling The DAX (Update)
The chart is an illustration of multiple medium to long term potential channels. Are we nearing a long term top? or will break higher and draw a new secular bull trend.
DAX entered a period of sideways correctional bias following my latest update(tradingview.com/v/1iHTlzhA/), as price fails so far to decisively break the ceiling of the multiple channels, RSI is showing a clear bearish divergence, price action looks a bit toppy, so are we nearing a medium term top?
twitter.com/thefxchannel
thefxchannel.com
DAX entered a period of sideways correctional bias following my latest update(tradingview.com/v/1iHTlzhA/), as price fails so far to decisively break the ceiling of the multiple channels, RSI is showing a clear bearish divergence, price action looks a bit toppy, so are we nearing a medium term top?
twitter.com/thefxchannel
thefxchannel.com
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