DAX may easily slip into a countertrend
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Hi Everyone!✋🏽
DAX has reached two important target levels (D FIBO 138.2 and W FIBO 200), and the last peak on H4 was bought back by the buyers. It means that there is a chance that a long countertrend may form. Trading in the countertrend is more risky than in an impulse wave, so maybe it's better to stay out. You decide. What do you think?
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!
Happy trading! ⚪️⚫️
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Thanks for reading my analysis!🤘🏽
Remember that trading is a risky business.
SIZE your TRADES according to your risk aversion!
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Please remember to support the idea with a BOOST or COMMENT
with your highly appreciated opinion!
DAX has reached two important target levels (D FIBO 138.2 and W FIBO 200), and the last peak on H4 was bought back by the buyers. It means that there is a chance that a long countertrend may form. Trading in the countertrend is more risky than in an impulse wave, so maybe it's better to stay out. You decide. What do you think?
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!
Happy trading! ⚪️⚫️
----------------------------------------------------------------------------
Thanks for reading my analysis!🤘🏽
Remember that trading is a risky business.
SIZE your TRADES according to your risk aversion!
----------------------------------------------------------------------------
Please remember to support the idea with a BOOST or COMMENT
with your highly appreciated opinion!
Ordre annulé
Idea is still valid, but I more recent analysis on DAX.
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