DAX update :dip-down and wolfe wave confluence
technical view :
please pay attention to 15600 level and wait for breaking this level .if this level broken then enter long toward tp's.
we see at the moment both wolfe wave pattern and dip-down pattern to form a nice confluence and waiting for 15600 break.
fundamental view:
A more hawkish Fed policy outlook and the threat of a higher-for-longer Eurozone interest rate environment leave the DAX on the defensive. Euro area and US services PMIs will influence buyer appetite and likely support the near-term bullish trend reversal.
please pay attention to 15600 level and wait for breaking this level .if this level broken then enter long toward tp's.
we see at the moment both wolfe wave pattern and dip-down pattern to form a nice confluence and waiting for 15600 break.
fundamental view:
A more hawkish Fed policy outlook and the threat of a higher-for-longer Eurozone interest rate environment leave the DAX on the defensive. Euro area and US services PMIs will influence buyer appetite and likely support the near-term bullish trend reversal.