DAX Monthly Chart Our Expectations - Rising main trend, trend-confirmation formation. Possibility for long positions after correction with stop 11,250.
Alternative scenario: Going back under multiple supports will mean a deepening of the correction and will invalidate this scenario.
Comment: An uptrend in the monthly chart. It is important to mention that this is a logarithmic chart, i.e. each tick is one percentage point, so it equalizes noise and can more accurately build trendlines. Formation of trend-confirming figure - head and shoulders. Breakthrough on a monthly chart. We expect a fall back to the Neck. For more accurate entry, we go to the Daily chart and wait for a price action signal at neck line levels.
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