With Friday's bull run on the DAX, I see either a retracement to the two most obvious fib levels and then a bullish continuation. Alternatively this view this chart could look like the right shoulder of a head and shoulders pattern with a retest of the uptrend at about 23,400; but I think this is less likely, and a pullback with a bullish continuation to test all-time highs is most likely. Either way, I am bullish on the DAX/GER40.
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.
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.