The German 
GER30
The German Dax has formed a bearish crab pattern at €20,442, at the 224% Fibonacci extension. This pattern could potentially bring the index back to €19,874, representing a 38.2% retracement from the recent rally between the weekly fractal support at €18,814 and the latest resistance at €20,529 (the historical highs above the daily fractal resistance). Currently, the daily fractal support is established at €20,265, and is under pressure.
The question remains: will the index pull back before Christmas?
Key Highlights:
GER30 The German Dax has formed a bearish crab pattern at €20,442, at the 224% Fibonacci extension. This pattern could potentially bring the index back to €19,874, representing a 38.2% retracement from the recent rally between the weekly fractal support at €18,814 and the latest resistance at €20,529 (the historical highs above the daily fractal resistance). Currently, the daily fractal support is established at €20,265, and is under pressure.
The question remains: will the index pull back before Christmas?
Key Highlights:
- Bearish crab pattern formed at €20,442.
- Potential retracement to €19,874.
- Daily fractal support at €20,265 under pressure.
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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.
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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.