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InvestMate|DAX Where will the correction end? 🇩🇪
🇩🇪 DAX Where will the correction end?
🇩🇪 The last few months on the main German DAX index have been really rich in growth since the bottom we have made a correction with a range of more than 22%.
🇩🇪 In my opinion, now is the right time for a correction and to look for where it could end.
🇩🇪 On the chart I applied several technical analysis tools.
🇩🇪 At the very beginning I determined an upward trend channel. From which we have not been able to break out.
🇩🇪 I measured from the bottom to the current peak the current upward wave using a fibo grid in order to find intervening places to buy.
🇩🇪 With the help of the 0.5 level of the entire upward wave and the fact that the price has reacted at these levels in the past, I determined a support zone.
🇩🇪 Based on the recent current highs, I determined a resistance zone.
🇩🇪 The scenario I am playing out is to execute a correction in the entire uptrend momentum to the support levels marked on the chart
🇩🇪 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
🇩🇪 The last few months on the main German DAX index have been really rich in growth since the bottom we have made a correction with a range of more than 22%.
🇩🇪 In my opinion, now is the right time for a correction and to look for where it could end.
🇩🇪 On the chart I applied several technical analysis tools.
🇩🇪 At the very beginning I determined an upward trend channel. From which we have not been able to break out.
🇩🇪 I measured from the bottom to the current peak the current upward wave using a fibo grid in order to find intervening places to buy.
🇩🇪 With the help of the 0.5 level of the entire upward wave and the fact that the price has reacted at these levels in the past, I determined a support zone.
🇩🇪 Based on the recent current highs, I determined a resistance zone.
🇩🇪 The scenario I am playing out is to execute a correction in the entire uptrend momentum to the support levels marked on the chart
🇩🇪 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Nota
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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.
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.