DAX - One more small push lower before rallying ? Excellent R/R!
DAX - Turned into a Triangle here it seems.
I'm expecting price to go down to ~12645 or even a bit lower towards the 61.% retracement level and hte 161.8% projection level, respectively at 12566 and 12515.
(It should ideally remain above 12463 since a close below that would significantly increase for bears to take over).
Alternatively, if price remains above 12682 and rallies above 12858, it would have important implications since that would make this correction a wave B Triangle and therefore we can expect one more wave C up before going to lower lows, below 12333 !!
I'm expecting price to go down to ~12645 or even a bit lower towards the 61.% retracement level and hte 161.8% projection level, respectively at 12566 and 12515.
(It should ideally remain above 12463 since a close below that would significantly increase for bears to take over).
Alternatively, if price remains above 12682 and rallies above 12858, it would have important implications since that would make this correction a wave B Triangle and therefore we can expect one more wave C up before going to lower lows, below 12333 !!
Nota
DAX - Bounced off the 61.8% retracement level as expected. If we're right, it should continue up to the noted Fib levels.If we're in a correction, wave C would ideally stop around the 100% Fib whereas an impulsive wave 3 should continue to the 161.8% level.
Nota
Nota
Come on, one more push higher !Nota
DAX - 
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Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.