DAX W Pattern Bullish Break

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

the DAX is bullish. The price made the break above W bullish point 2 and it is hanging above W H3.

If the market retraces back to D L3 POC zone 13098-13110 we could see another bullish bounce. However, the market could be pushing up around 13200 again due to strong bullish momentum. Targets are 13418, 13515 and 13637. Only below 12730 bears could take the lead.

The Analysis has been done with the CAMMACD.Core

Good trading,
Nenad Kerkez

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