German 40 Index
Short
Updated

DAX // What needs to happen before the deep correction?

345
The market has almost reached the daily target fibo 238.2 after an unbelievable run!

But every impulse has a correction, so mabe it's time to be prepared.

The H4 structure already broke, but there is no new wave, and there is a clear H1 breakout that may push the balance for the sellers.

Smart money (my tick-by-tick volume analysis indicator) is selling for more than a week.

The daily impulse base is very close, and may trigger sell orders.

If there will be a huge fight, we may also see a sideways market for some time.

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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.

Stay grounded, stay present.🏄🏼‍♂️

Your comments and support are appreciated! 👊🏼
Note
H4 trend turns bearish.
snapshot
Trade closed: target reached
Note
Second target reached.

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