The german Index DAX turned at 13.200 pt and reached the lower fib retracement 78.6% on 12.600pt.
The RSI reached the lowering trend line.
This support should be strong enough to halt the fall of the index. If so, we could see another rise, leading to the old ATH.
EW theory confirms this possibility.
note: if the support at 12.600 is broken to the bottom - this analysis is wrong
in every case I do not give any trading advices!
The RSI reached the lowering trend line.
This support should be strong enough to halt the fall of the index. If so, we could see another rise, leading to the old ATH.
EW theory confirms this possibility.
note: if the support at 12.600 is broken to the bottom - this analysis is wrong
in every case I do not give any trading advices!