Next downwave?
As Long as Dax ist trading below 10.200/10.350 the Chart is still bearish.
These days /weeks we have seen a try of a double-bottom @ 9.300. The Maximum target of this bottom could be 11.200! (mangenta arrow). But on it s way up there are based several resistances.: The fibo-teracements (10209/10488/10767), the SMA90 @ 10.675 and the defined seperation edge at 10.665.
If the resistance Cluster between 10.200/10.350/10.665 can not be beaten, i see more potential at the downside. (blue arrow)
These days /weeks we have seen a try of a double-bottom @ 9.300. The Maximum target of this bottom could be 11.200! (mangenta arrow). But on it s way up there are based several resistances.: The fibo-teracements (10209/10488/10767), the SMA90 @ 10.675 and the defined seperation edge at 10.665.
If the resistance Cluster between 10.200/10.350/10.665 can not be beaten, i see more potential at the downside. (blue arrow)
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