A clear FLAG
Updated
[bClear Flag in DAX
When the fabonnaci 23,6 gets hit and we see a confirmed bullish signal, this trades has really good chances. MACD and signal line is hit which is indicator for a bullish signal and trend. The RSI is low, but not critical yet, but have a lot of space to bullish. UK can have influence on this trade, today the FTSE beairsh and this trend can chance in because of a critical low RSI in 17. I enter this trade in 23,6 if the support holds, which is the main indication for the retracement
When the fabonnaci 23,6 gets hit and we see a confirmed bullish signal, this trades has really good chances. MACD and signal line is hit which is indicator for a bullish signal and trend. The RSI is low, but not critical yet, but have a lot of space to bullish. UK can have influence on this trade, today the FTSE beairsh and this trend can chance in because of a critical low RSI in 17. I enter this trade in 23,6 if the support holds, which is the main indication for the retracement
Comment
Support holds in 23,6Trade closed: target reached
The flag pattern got confirmed and we reach target and more if you stayed the whole patternDisclaimer
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