DAX SHORT TIME REVERSAL FOR THE INTRADAY TRADE

24 באפר׳ 2022

DAX has reached support level and shows the signs of pulling back. Target is placed on the minor resistance level, that coincides with trend line and fib reversal. This is an short term move, or pullback. Major trend is down, so I expect DAX to continue lower on a longer term it is just too stretched out at the moment and needs some sort of correction . RSI is in the oversold area, with slight curl up, which reinforced the idea of possible upward move.