Dax Forecast
D1 - Bullish trend pattern, bearish convergence, currently it looks like a correction is happening, price still has room lower towards 38.2% - 50% fibonacci retracement zone.
H4 - Bearish trend pattern, currently it looks like a pullback is happening, until the 61.8% fibonacci retracement level holds my view remains bearish here.
Invalidation - If the price breaks and holds above the 61.8% fibonacci retracement level in one straight leg then this bearish view will be invalidated.
H4 - Bearish trend pattern, currently it looks like a pullback is happening, until the 61.8% fibonacci retracement level holds my view remains bearish here.
Invalidation - If the price breaks and holds above the 61.8% fibonacci retracement level in one straight leg then this bearish view will be invalidated.
Penafian
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