Ok, so DAX got back to that interesting level again. It's getting closer to 12300, from which it rebounded last week and went down.
Also, it got close again to this downward trend line and it is flirting with it. Another fact is that it created a higher low, which could be an indication of a change in a trend. But for that, it would need to close above that trend line on a Weekly.
I think that this is an important level to observe, that could potentially lead to a good trade.
As always, keep an eye on the price action!
Also, it got close again to this downward trend line and it is flirting with it. Another fact is that it created a higher low, which could be an indication of a change in a trend. But for that, it would need to close above that trend line on a Weekly.
I think that this is an important level to observe, that could potentially lead to a good trade.
As always, keep an eye on the price action!
