Many opinions on DAX right now. I think we are in an ABC correction heading for sub 12k at some point. Experimental EW count on the chart. Crisis in Europe is close sadly.
No exact targets on this one for the long term. We are at least heading for the following major Fib level downwards. Updates will come.
Will do a tight leverage short on this.
No exact targets on this one for the long term. We are at least heading for the following major Fib level downwards. Updates will come.
Will do a tight leverage short on this.
Note
I don't have a short position yet. DAX is battling the weekly support at the moment and it's looking weak for now. There's no hurry to get a confirmation here yet. Look for major patterns and weekly support. Will update.Note
Second attempt on short term resistance. Weak but will need confirmationTrade active
Double top, could have been a great short entry aswell. Tension in EuropeTrade active
Hard descending resistance on weekly relative strength. We should see further downsideTrade closed: target reached
How about that! Going to guess this was the extension target and we should correct upwards.
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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.