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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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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.