3 possible scenarios for the DAX
Interesting scenarios for the DAX:
1. It will move up meeting the ressistance att around 10000 (green line) and continue upp to the purple line
2. It will move down and meet the upp moving trendline ( yellow line) before moving upp towards the purple resistance
3. It will move down and brake the upp moving trendline ( yellow line) and continue the downtrend.
RSI and Momentum is going down.
I would not trade this without some kind of confirmation.
1. It will move up meeting the ressistance att around 10000 (green line) and continue upp to the purple line
2. It will move down and meet the upp moving trendline ( yellow line) before moving upp towards the purple resistance
3. It will move down and brake the upp moving trendline ( yellow line) and continue the downtrend.
RSI and Momentum is going down.
I would not trade this without some kind of confirmation.