DAX 2nd Fibo Arc Projection
Updated
An update on the swing projection of the DAX. The price target has been reduced a bit between 11.100 and 11.300. The recent concentration of price might have been the 0.23 fibo level. If the consolidation takes places for a longer time like the red line shows then the price target would be the same but be hit later.
Price should not fall below 10.400.
Notice Match the Circle with the orange dots and the yellow lines drawn in as support zones.
Price should not fall below 10.400.
Notice Match the Circle with the orange dots and the yellow lines drawn in as support zones.
Trade active
2 New Long positions are active at about 612Note
In a bad case we are in a range between 520 and 780
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