DAX (GER30) ANLYSIS

2022年8月5日

Welcome everyone,i'm sharing with you this trade and will tell you how to treat this market. First of all, the DAX broke over the previous resistance which became a support, so its a key level. the market couldn't go all the way up to the next level which is a key resistance, and then it went back. what we can see, is that the market is in an up trend, and we can consider the pullback as a correction where the market regain his force. Secondly, and according to Elliot waves and the Fibonacci, the market is ready now to pump up and go the next level which will be your target. Finally, after testing on the support, and couldnt break it, the market will go up to the next target and will hit it.