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InvestMate|DAX Time to fall

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🇩🇪 DAX Time to fall

🇩🇪 Looking at the last few weeks on the dax, we see quite a bit of unwinding after new lows.

🇩🇪 The dax has already rallied more than 15.40% from its lows
syot kilat

🇩🇪 In my last post where I perfectly predicted the correction that took place last week.
InvestMate|DAX correction on the way

syot kilat

🇩🇪 It was followed by a breakout to new highs but I believe that the correction potential has not yet been fully exhausted.

🇩🇪 It is unusual in a serious long-term downtrend for the price to just keep going higher and higher from a new low.
syot kilat

🇩🇪 Sooner or later a correction comes.

🇩🇪 Is the 13600 level the ideal time for a correction?

🇩🇪 Definitely highly likely in my opinion.

🇩🇪 My assumption is confirmed by the fact that we are in a place where the price has already reversed direction once in the past and that it is one of the more important fibo levels 0.382 of the whole downward wave.
syot kilat

🇩🇪 The correction targets will be 2 levels, one more likely and the other a little less likely
These are the levels 0.382 and 0.5 of the current upward impulse. These are places where the price has found support many times in the past
syot kilat

🇩🇪This is a long-term scenario, I do not even exclude breaking out even higher before the decline.

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syot kilat

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