The German stock index DAX is at important Fibonacci resistances and momentum overbought area. We are expecting a down wave corrective movement towards the 10160 area, max 8920.
Only a new weekly close above 12 220 would invalidate this bearish view.
Only a new weekly close above 12 220 would invalidate this bearish view.
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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.