In his way to his target of 333 ( the top of the rectangle), DGB is facing a strong resistance (301). From my analysis, it will probably retrace to 291 to regain strength before counter-attacking. In the worst case it could retrace to 268-270
target 1: 305
target 2: 333
target 1: 305
target 2: 333
Note
After a big move out of the rectangle that brings it to to 421, DGB will probably retrace to the top of that rectangle to gain strenght in order to move to next levels i.e. T1:434, T2:476, T3:501, T4:551, T5:626, T6:780.N.B.: if the price reintegrates the 1D rectangle by the end of the week, the probability is high that DGB ranges and reaches 242.
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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.