DAX Wide Range Due To The Megaphone Pattern

DAX has made a broadening top aka megaphone pattern and the range is looking very wide. If the price hits specific zones we will probably see the reaction.

Stock Exchange, World Economy, Dax


Selling zone 15500-635 has made a confluence with W H3 and M H5 camarilla pivot. We should see selling if the price gets to the zone. Buying zone is 14778-14861. If the price gets there we might see buying opportunities. In between, is the no-man’s land. In my opinion, the price will range between B and S zones without a clear direction. Watch for Weekly camarilla levels until the end of a week.

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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 ...

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