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Dax weekly recap and outlook
Indeks DAX
Dax weekly recap and outlook
Oleh 20813
Ikuti
Ikuti
9 Mei 2015
1
9 Mei 2015
Recap:
5th Wave is finished
possible abc retracment in place with low on 20ema weekly and 61.8% fibonacci (not shown in chart)
bullflag on weekly
small buy divergence on macd
macd fastline about to cross zero line
macd slow line turning up
adx falling near 15
bullish reversal candle on weekly
Outlook:
break above bullflag should lead price to high volume node resistance
a break above b could be a confirmation of abc pattern and lead to new highs or at least a test of the last high
rejection from bullflag should lead to a test of the last low
a break below last low should lead to the retracement area of wave 1 & 2 wich is around 50% fibonnacci
20813
Ikuti
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