German DAX - More Downside Potential From Here?
Germany's DAX index has broken down definitively from its 4-month symmetrical triangle pattern, hinting at a potential "measured move" decline toward the mid-16,000s next.
So far, the index has dropped sharply over the last 3 days to hit the 38.2% Fibonacci retracement of the rally off the November low near 17,250. A near-term bounce off this support level wouldn't be surprising, but as it stands, the index may have more near-term potential for downside from here.
-MW
So far, the index has dropped sharply over the last 3 days to hit the 38.2% Fibonacci retracement of the rally off the November low near 17,250. A near-term bounce off this support level wouldn't be surprising, but as it stands, the index may have more near-term potential for downside from here.
-MW
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.