DAX // risky phase of the correction

31 Des 2024

The market has printed a deep correction of the last weekly impulse.

The correction fibo 61.8 is already done, and we may be heading towards the 78.6

There is a clean (not yet tested) H1 breakout, where entry signals have some chance, but don't forget, we are deep into the correction, where the accumulation phase may be built up with frequent changes in direction.

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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.

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Stay grounded, stay present.🏄🏼‍♂️

<<boost🚀 if you enjoy💚

3 Jan

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