DAX is topping short term. Fast profit opportunity.
DAX trade excatly as expected last time (chart at the bottom) making a new Low in the established Channel Down.
The price reached the 0.5 Fibonnaci level today, a reading which formed the August 31st Lower High on the other -6.50% bearish leg.
Sell now and target 15150 (Rising Support) but close if it reaches first the 1day MA50 as the MACD Buy Cross can completely reverse it long term.
Previous chart:
Follow us, like the idea and leave a comment below!!
The price reached the 0.5 Fibonnaci level today, a reading which formed the August 31st Lower High on the other -6.50% bearish leg.
Sell now and target 15150 (Rising Support) but close if it reaches first the 1day MA50 as the MACD Buy Cross can completely reverse it long term.
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.