DAX 30: 4H - Graph. Short Trend, medium term correction
FIBO 61.8% of the short move.
Break of the diagonal support of the medium term move
Lower highs and lower lows
break of the horizontal support and correction for a sell
Today the price open with Gap Up, after a Hammer Bar, which is an indication for short term move up and the price reached a dymamic levels of resistance 13 ЕМА
Correction of the short, good levels for a new short
Indicators:
CCI (50) below -100
RSI below 50
Alternate Scenario:
If the price move above the 9721 will give us a signal for buy
Stefan D. Angelov - Head of Stocks Trading
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