DAX
Updated
That fib levels have been drew on 1 month tf, we been rejected at fib 50 that one sign of the sell, Then we see that possible blue lines are making wedge where we almost tested bottom of it with those two Black lines called bear flag on 4h, right now I see only one way how this could be wrong, that bottom red and upper blue line are making simple chanel, and we should all buy now not sell, but I think and hope that we need to sell, because of the first three reasons I mentioned. So good luck next week, I believe in RED!
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Well this is really interesting. ON tradingview as we see, wedge isn't valid, But on my MT4 price is now testing bottom line of the wedge and we are really close to the FIB 50 level on 1 month TF. So fingers crossed and waitnig for it fall HARD!Good luck!
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Bear flag - not valid.Rising wedge - not valid.
Fib 50 level - broken, not valid.
I'am keeping my shorts open. Hedging with TP that upper blue line. Looks like that chanel is most likely valid.
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