DAX - In uptrend looking for 12070 (and higher?) - Great R/R !
DAX - We should be in a (temporary?) uptrend for now.
Price bounced from the 61.8% retracement level and should now be in it's way to the 100% or 161.8% projection.
Notice also that we have a potential Head and Shoulder pattern which gives us an approximate target around 12400 also.
Look for a pullback to go long this one as it has some great R/R ratio.
Price bounced from the 61.8% retracement level and should now be in it's way to the 100% or 161.8% projection.
Notice also that we have a potential Head and Shoulder pattern which gives us an approximate target around 12400 also.
Look for a pullback to go long this one as it has some great R/R ratio.
Commento:
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Commento:
Looks like it's making a bit deeper correction before going up.
This is gives even better R/R !
This is gives even better R/R !
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