The 5%ers' Blog

Price Action Analysis With MACD Indicator For The DAX Index

March 10, 2019 | 12:40 pm | The 5%ers' Blog
March 10, 2019 | 12:40 pm
The 5%ers' Blog
swing key levels dax

It seems that the DAX index has changed the momentum from bullish to bearish and the price action now on his way to reach the demand below or even the one at The bottom,

Also, the MACD indicator seems to be on his negative side on the H1 chart,

Therefore, I’ll look for a sell position,

The supply above looks like a great Continuation level for sell position, my first target will be the demand below, and the final target is demand at the bottom,

 

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