DAX Wait for the Dock at Fib

Good day, snipers. Here we have the DAX Index where I plan on entering when price hits that 78.6 Fib Level, because entering now would expose you to too much risks and a not so god risk : reward ratio. We can see that price broke through that resistance turned support and is now approaching the weekly strong resistance level. Price also obviously respects the 100 EMA and keeps rejecting and closing above it. Also, we are in an overall uptrend, so I am only looking for long setups in this index.

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