hello guys, even though ive been having hard times working with dax recently, i give it a shot.
i would be more in favor of an upside now. we have reached really important support area marked by fibo confluenses and mostly importantly there is the 61.8 fibbo of the QE swing (pic 1). also the downside move looks like an corrective wave C, which is identical with wave A (pic 2). Furthermore the indicators seem to be forming a bullish divergencies (pic 3).
If we break lower =) 11 150 is next stop. However, my plan is to wait for a retest of the recent lows (11430) and if PA and divergencies are in favor Im gonna load longs.
i would be more in favor of an upside now. we have reached really important support area marked by fibo confluenses and mostly importantly there is the 61.8 fibbo of the QE swing (pic 1). also the downside move looks like an corrective wave C, which is identical with wave A (pic 2). Furthermore the indicators seem to be forming a bullish divergencies (pic 3).
If we break lower =) 11 150 is next stop. However, my plan is to wait for a retest of the recent lows (11430) and if PA and divergencies are in favor Im gonna load longs.