DAX INDEX analysis
Bullish Move with Weak Follow-Through; Potential Bearish Breakout from Narrow Range
*Analysis :
"The market has moved upward in a *bullish trend*. During this upward movement, we observed *weak follow-through*, indicating a lack of strong buying pressure.
Following this, a *bearish swing* occurred, marked by two consecutive strong bearish candles.
However, the market has since reversed upward and continued its bullish movement. The portion of the upward move highlighted in pink is likely a **buy climax**, signaling a potential end to the bull trendphase.
At the end of this move, the market has entered a **tight trading range**.
Based on the available data, there is a 60% probability that the market will experience a **bearish breakout** to the downside.
After the breakout, it could move toward the low of the buy climax area."
*Analysis :
"The market has moved upward in a *bullish trend*. During this upward movement, we observed *weak follow-through*, indicating a lack of strong buying pressure.
Following this, a *bearish swing* occurred, marked by two consecutive strong bearish candles.
However, the market has since reversed upward and continued its bullish movement. The portion of the upward move highlighted in pink is likely a **buy climax**, signaling a potential end to the bull trendphase.
At the end of this move, the market has entered a **tight trading range**.
Based on the available data, there is a 60% probability that the market will experience a **bearish breakout** to the downside.
After the breakout, it could move toward the low of the buy climax area."
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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.