As you can see the 100 EMA is a resistance which stopped the Dax going into a long trend multiple times!
at the other side there is the green zone which could signalize a down trend if it gets broken through
Dax have to decide long or short?
the decision isn`t far
at the other side there is the green zone which could signalize a down trend if it gets broken through
Dax have to decide long or short?
the decision isn`t far
Note
Like you can see we tested the green zone and did a great upmove to the 100 EMAcan we break it?
Note
Well resistance downtrend line got to a support trend line.I wait for a short breakout!
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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.