TEC DAX Poised to Break Resistance with Bullish Pattern
Key observations on the TEC DAX chart:
-Fibonacci resistance on a major timeframe.
-Bullish flag formation.
How these elements interact:
Since peaking in November 2021, TEC DAX has undergone a correction, with the market closely respecting the 61.8% Fibonacci resistance level. This level acts as a pivotal line, distinguishing between bullish and bearish forces. Now, right below this resistance, a bullish flag has formed, indicating that the bulls have meticulously prepared for this crucial confrontation.
A significant battle is looming. Once the bears capitulate at this resistance, it could clear the path for an unhindered bull run.
However, does this mean you should go all in with the bulls? Not necessarily. Money management is crucial. Every battle has an end, and the outcome isn't certain. While I'm currently betting on the bulls, always remember the risk of a bearish resurgence.
-Fibonacci resistance on a major timeframe.
-Bullish flag formation.
How these elements interact:
Since peaking in November 2021, TEC DAX has undergone a correction, with the market closely respecting the 61.8% Fibonacci resistance level. This level acts as a pivotal line, distinguishing between bullish and bearish forces. Now, right below this resistance, a bullish flag has formed, indicating that the bulls have meticulously prepared for this crucial confrontation.
A significant battle is looming. Once the bears capitulate at this resistance, it could clear the path for an unhindered bull run.
However, does this mean you should go all in with the bulls? Not necessarily. Money management is crucial. Every battle has an end, and the outcome isn't certain. While I'm currently betting on the bulls, always remember the risk of a bearish resurgence.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。