DAX Long term short.
I think we may see some bearish movement again on DAX, lots of confluence for me here.
1. 0.618 fib level approaching, this is where I always enter my longs/shorts.
2. Stops taken from the previous fib level which was heavily respected.
3. Descending channel resistance lines up with the 0.618 fib.
4. Bullish supply and Demand area also lines up with this level.
3 big things FOR ME that all line up means I'll take this, this is long term.
1. 0.618 fib level approaching, this is where I always enter my longs/shorts.
2. Stops taken from the previous fib level which was heavily respected.
3. Descending channel resistance lines up with the 0.618 fib.
4. Bullish supply and Demand area also lines up with this level.
3 big things FOR ME that all line up means I'll take this, this is long term.
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