DAX has formed a Channel Down pattern following the December 14th rejection on the Rising Resistance.
The 1day MACD has formed a Bearish Cross like the one on November 28th 2022, which is a Top after a similar aggressive rally like the one the index ran since late October.
That top also turned into a Channel Down which then broke downwards and hit the 1day MA50, a little over the 0.382 Fibonacci level.
Sell now and target 16200 (little over the 1day MA50).
Previous chart:
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The 1day MACD has formed a Bearish Cross like the one on November 28th 2022, which is a Top after a similar aggressive rally like the one the index ran since late October.
That top also turned into a Channel Down which then broke downwards and hit the 1day MA50, a little over the 0.382 Fibonacci level.
Sell now and target 16200 (little over the 1day MA50).
Previous chart:
Follow us, like the idea and leave a comment below!!
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.