DAX monthly chart hitting fibonacci extension cluster level
The Dax typically leads the Dow to some degree, and has a deeply overbought RSI now at a potential resistance zone
Likely to have a retracement in the short to medium term
Not trading this, but highlighting as it may indicate that other western indices may follow suit and struggle to increase in the next 2-6 months
The Dax typically leads the Dow to some degree, and has a deeply overbought RSI now at a potential resistance zone
Likely to have a retracement in the short to medium term
Not trading this, but highlighting as it may indicate that other western indices may follow suit and struggle to increase in the next 2-6 months
Trade ativo
Boom...! and down she goes... 4000 point drop and only first monthly barThis is going to take a few months to build a base to move higher
Nota
I think this will base out somewhere between 17000 and 18000 drifting lower in the coming months, but that is just eyeballing it here...It shouldn't really get below 16200 otherwise the 5 wave structure will be broken and would need to reassess
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.