DAX 50% downside swing retrace
DAX is testing the 50% Fibonacci retracement of the Jan 2022 – March 2022 swing down. A break above the 14400 is required for the complete upside reversal, and rejection here will now lead to a downside extension in the fifth wave. A downside reversal has begun with the normal pullback, and any long trades you take below 15200 will be counter-trend trades.
Note: look for the short trade entries with the stop loss above 14500
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