DAX with major confluence

2020年11月6日The market is currently at a strong area of resistance which closed with a shooting start candlestick formation and has tested the area multiple times in the past 24 hours which is a good indication that the market could possibly turn around. The MACD shows along with the ADX and DI show that the bullish trend has weakened coupled with it being on a 61.8% Fibonacci retracement level. These three tools create confluence, a good entry would be a break of the trend line and a retest of the 61,8 fib.