Dear Traders!
DAX has reached a massive long-term downtrend resistance and a confluence zone. The last 3 peaks were achieved with RSI divergence and the index is overbought as well. For me this is a short area in short-term. I have also drawn longer term direction possibilities.
Regards,
Adam
DAX has reached a massive long-term downtrend resistance and a confluence zone. The last 3 peaks were achieved with RSI divergence and the index is overbought as well. For me this is a short area in short-term. I have also drawn longer term direction possibilities.
Regards,
Adam
Feragatname
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Feragatname
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.