Indeks DAXPenjualan
DAX at Critical Resistance – Bearish Crab Pattern Could Trigger
The German GER30
The German Dax has formed a bearish crab pattern at €20,442, at the 224% Fibonacci extension. This pattern could potentially bring the index back to €19,874, representing a 38.2% retracement from the recent rally between the weekly fractal support at €18,814 and the latest resistance at €20,529 (the historical highs above the daily fractal resistance). Currently, the daily fractal support is established at €20,265, and is under pressure.
The question remains: will the index pull back before Christmas?
Key Highlights:
GER30 The German Dax has formed a bearish crab pattern at €20,442, at the 224% Fibonacci extension. This pattern could potentially bring the index back to €19,874, representing a 38.2% retracement from the recent rally between the weekly fractal support at €18,814 and the latest resistance at €20,529 (the historical highs above the daily fractal resistance). Currently, the daily fractal support is established at €20,265, and is under pressure.
The question remains: will the index pull back before Christmas?
Key Highlights:
- Bearish crab pattern formed at €20,442.
- Potential retracement to €19,874.
- Daily fractal support at €20,265 under pressure.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.