Going long on DAX
Taking a short term buy on DAX as it seems my bearish setup was invalidated. Price is currently in creating the 5th Elliot Wave and we should see price take out the all-time high on DAX in the short term.
Price not only has given us a break and pull back of the dynamic resistance, but we are also holding this key area of support at 16071.8.
Trade will be invalidated if price breaks below this area of support and turns it into resistance.
TP - 16426.5
SL - 15995.2
Price not only has given us a break and pull back of the dynamic resistance, but we are also holding this key area of support at 16071.8.
Trade will be invalidated if price breaks below this area of support and turns it into resistance.
TP - 16426.5
SL - 15995.2
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