DAX Index – an Uptrend or Technical Correction?

The5ersTF

Newbie
6 0
268401

On the H1 time frame, the DAX seems to be bullish, But if we take a look at the higher time frame we can see it is only a technical correction. The fresh supply above is in confluence with Fibonacci 61.8% which creates a powerful setup to sell the DAX index. I'll sell at the moment the price will touch the supply. The target will be 11.700 zones.
 

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