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DAX 30 - Engulfing pattern, i`m looking for better place for entry

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DAX 30 - uptrend with engulfing pattern

Important here is to entry as higher to the top as possible, because usually it`s followed by new try for test of the levels of resistance, after the first sharp descending movement

The index is at levels of support, 23.6% Fibo, where it`s risky to sell - i will wait levels around 11673 ad stop few punkts above 11802

The indicators still gives different signals, but this is because the formation is ahead of them

Probably test of the levels of the breakthrough 11390 - 38.2% Fibo

 

 


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