DAX monthly chart hitting fibonacci extension cluster level
The Dax typically leads the Dow to some degree, and has a deeply overbought RSI now at a potential resistance zone
Likely to have a retracement in the short to medium term
Not trading this, but highlighting as it may indicate that other western indices may follow suit and struggle to increase in the next 2-6 months
The Dax typically leads the Dow to some degree, and has a deeply overbought RSI now at a potential resistance zone
Likely to have a retracement in the short to medium term
Not trading this, but highlighting as it may indicate that other western indices may follow suit and struggle to increase in the next 2-6 months
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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.