Germany 30Short
DAX Short 4H
Good morning, TradingView friends!
I’m excited to share my latest market forecast with you. This setup uses Fibonacci and psychological levels as our key indicators.
First up, we’re looking at the 21,405 level. It's an important Fibonacci point, and I believe the price will bounce back here, heading towards the trend line. Next, I expect the ascending trend line to hold strong, guiding the price to a crucial psychological and Fibonacci level at 21,500. From there, we might see a 4-hour and daily correction.
For confirming these moves, keep an eye on the lower time frames. A good sign to watch for is an M-pattern with a Lower High on the second leg.
Can't wait to hear your thoughts and keep the conversation going!
I’m excited to share my latest market forecast with you. This setup uses Fibonacci and psychological levels as our key indicators.
First up, we’re looking at the 21,405 level. It's an important Fibonacci point, and I believe the price will bounce back here, heading towards the trend line. Next, I expect the ascending trend line to hold strong, guiding the price to a crucial psychological and Fibonacci level at 21,500. From there, we might see a 4-hour and daily correction.
For confirming these moves, keep an eye on the lower time frames. A good sign to watch for is an M-pattern with a Lower High on the second leg.
Can't wait to hear your thoughts and keep the conversation going!
Note
Check my Oil charts to see confirmation example.Note
Check my oil charts for a confirmation example.Note
Dax just broke the level with no signs of pause, I'll look for 21500 level, you can ignore the first selling level
Related publications
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.