TecDax index has been accumulating strength around 3k for months, slowly reverting the relative downtrend versus Nasdaq 100 with a clear pullback last august. The long term uptrend of TecDax still holds, despite war and Us technology giants crashing.
On Friday TecDax favorite Sartorius AG underwent a fail breakout. So I will follow the short consolidation up to the FIB level representing the lower line of the symmetrical triangle. I assume that strong resistance may likely hold a third time, so that risk for loss is acceptable.
To cover the trade, I used a put KO 1.31% warrant with a leverage of 7.
TECDAX BUYING OPPORTUNITY. GARTLEY PATTERN COMPLETED IN A NICE AREA OF SUPPORT DEMAND. RSI OVERSOLD ON 4H TF. CURRENTLY WE ARE IN CONSOLIDATION MOVING SIDEWAYS BUT IN MY OPINION LAST LEGS OF THE MOVES MIGHT BE THE START OF THE NEW BULL TREND. GOOD RRR RETEST OF STRUCTURE OR EVEN EXTENSION OF FIBS. GOOD LUCK
