DAX Bulls Are Controlling The Trend

DAX is extremely bullish. I expect uptrend continuation provided that the price is already rejecting 88.6 Fibonacci level.

13264 is the 88.6. We can see how the price reacted and it’s a clear rejection of the 88.6. We can expect continuation up towards next levels. 13427, 13469 and 13495. Above 13495 we should see 13610. I don’t see any bears unless the market breaks below the D L3 camarilla pivot – 13211. Buying the dips is the scenario.

(Click on image to enlarge)


Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.