On the hourly it seems DAX is caught between opposing forces. The 2nd TL held (blue one - mentioned in my previous post) and we had a nice rally up to a quite recent downtrending TL, which also held.
Decision time is coming up quickly. Which TL will break will define the short term trend.
Good luck out there!
Decision time is coming up quickly. Which TL will break will define the short term trend.
Good luck out there!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.