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Maverick45

DAX 4HR - Bullish Divergence push to 17000, then down to 14000

Short
DAX Index (XETR:DAX)  
Maverick45 Updated   
XETR:DAX   DAX Index
Support and Resistance Fibonacci Moving Averages DAX Index short 4h 4hr
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supportandresistance fibonacci movingaverage dax short 4h 4hr
DAX
DAX showing bullish divergence on 4hr between Aug 6th and Aug 15th with price making lower lower (LL) and macd making a high lower (HL). Price reversed after reaching weekly S3. Price to re-test 17000 as support (previous resistance) and is also the weekly price pivot and fib mid point (beween 62.5 and 50 fib). If price breaks 17000 next resistance is 18500 which is weekly R1, 50EMA and 38Fib. Short at 17000 with target at weekly S2 (14000).
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