DAX // neutral zone
The market has turned south, after reaching the weekly target fibo 200, with a daily wave, and then tested the last clean daily breakout, but couldn't close above it.
It's between a daily breakout and a daily breakdown, that makes it a neutral zone. Leaving this zone (up north there is a clean H4 breakdown that may stop the bulls) puts the market either in the primary long expansion phase, or the countertrend expansion.
The target of the former is the weekly target fibo 213.2, the short target is the monthly breakout.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present.🏄🏼♂️
<<please boost 🚀 if you enjoy💚
It's between a daily breakout and a daily breakdown, that makes it a neutral zone. Leaving this zone (up north there is a clean H4 breakdown that may stop the bulls) puts the market either in the primary long expansion phase, or the countertrend expansion.
The target of the former is the weekly target fibo 213.2, the short target is the monthly breakout.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present.🏄🏼♂️
<<please boost 🚀 if you enjoy💚
Note
H4 breakdown is rejected, H4 impulse base moved up.
Note
H4 turned south.
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