DAX 30
Time Frame: D1
Technical analysis: trend reversal price action formation from "Wolf Waves" theory, around Fibo support 38.2% ( 11727)
Oscilator:
Dem(14): buy signal from convergence with price.
Moving Averages: On daily bases the price is below 50. 100, 200 EMA, but on W (weekly) chart the price has found some support around 100 ЕМА (11788)
Buy: from these levels ~ 12200
Sl:11900
Alternative scenario:
If the price pass below the gap zone (11900) the reversal model will be violated and probably will see continuation of the correction
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