Hello traders,
our zones are working very well. The DAX remains inside the range between 11551 and 11731.
Price also seems to have found support in the middle of that range and I expect it to break in the near future and test the support 11551.
On the higher timeframes, we also see a break of a wedge pattern which confirms our bearish bias. On the longer timeframes, we also expect the test of the low from August 6th at 11449.
I wish you all great trades!
our zones are working very well. The DAX remains inside the range between 11551 and 11731.
Price also seems to have found support in the middle of that range and I expect it to break in the near future and test the support 11551.
On the higher timeframes, we also see a break of a wedge pattern which confirms our bearish bias. On the longer timeframes, we also expect the test of the low from August 6th at 11449.
I wish you all great trades!