DAX IndexShort
H1/m30 DAX retracementn for the the first part of the week
Updated
Hi traders
her is my analysis for the biginin of the week
Before the price returns to a historical high the price might risk of doing a retracement to continue elliott wave visible in h4 (blue line) and because we broke the trend line (purple line). during the future retracement the price will pass by several resistence which will serve us as potential TP.
if you like this analysis or dont, tell me why in the comment section, thank you
her is my analysis for the biginin of the week
Before the price returns to a historical high the price might risk of doing a retracement to continue elliott wave visible in h4 (blue line) and because we broke the trend line (purple line). during the future retracement the price will pass by several resistence which will serve us as potential TP.
if you like this analysis or dont, tell me why in the comment section, thank you
Note
the price dont go down but now it his doing a double top so we are still looking for a sell
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