Dear Traders!
DAX has reached a massive long-term downtrend resistance and a confluence zone. The last 3 peaks were achieved with RSI divergence and the index is overbought as well. For me this is a short area in short-term. I have also drawn longer term direction possibilities.
Regards,
Adam
DAX has reached a massive long-term downtrend resistance and a confluence zone. The last 3 peaks were achieved with RSI divergence and the index is overbought as well. For me this is a short area in short-term. I have also drawn longer term direction possibilities.
Regards,
Adam