Bearish scenario for DAX.

17 Ağu 2023

After the break of the symmetrical triangle, the index is likely to seek its first target.

It is common for bearish breakouts to have pullbacks.

Attention to the proportions of these next moves, any sign of fragility will be relevant as triangle breakouts can be canceled without much difficulty.

12 Eyl 2023

Not

In my view, the scenario is no longer as favorable for DAX to reach the triangle targets. The pullback surpasses the initial breakout point and even breaks the downtrend line of the triangle. Additionally, the correction leg was proportionally greater than 80%, which generates a higher probability of a reversal.

Let's wait for the next moves.