So the Dax has been on fire recently, but the move has been strong and no significant retracement has occurred and so I'm expecting a counter trend move in the coming days or next week.
Indications show the price to be nearing oversold territory and the wave trend showing a move is soon ready for a move south. The weekly (this week) and monthly pivot have yet to be hit and so are great potential targets for price to retrace towards. Watch out for price action to show buying weakness which if a doji or hammer type candle forms along with a bearish candle below the resistance for conformation.
For more information/trade setups, follow me on here or at ejfxtrading.com
Indications show the price to be nearing oversold territory and the wave trend showing a move is soon ready for a move south. The weekly (this week) and monthly pivot have yet to be hit and so are great potential targets for price to retrace towards. Watch out for price action to show buying weakness which if a doji or hammer type candle forms along with a bearish candle below the resistance for conformation.
For more information/trade setups, follow me on here or at ejfxtrading.com
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.
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.