DAX Bulls are Controlling the Trend

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

DAX is extremely bullish. I expect uptrend continuation provided that the price is already rejecting 88.6 Fibonacci level.

13264 is the 88.6. We can see how the price reacted and it’s a clear rejection of the 88.6. We can expect continuation up towards next levels. 13427, 13469 and 13495. Above 13495 we should see 13610. I don’t see any bears unless the market breaks below the D L3 camarilla pivot – 13211. Buying the dips is the scenario.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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