DAX D2: Potential Directions // Deep Crab vs. Shark
The price on the German index moves upwards in the ascending channel.
On the Daily chart and up, we can see Potential Bearish Crab with the PRZ zone around 17250, more possible with the current trend. Breaking ATH could confirm the pattern. The next significant level would be 15000.
Potential double top on a weekly time frame. Dropping below neckline 13,300 would confirm this formation, and that would mean the realisation of the potential Bullish shark pattern.
[billede]
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All arrows are just copied and pasted - measured move!
More analysis available on polish version TV.
On the Daily chart and up, we can see Potential Bearish Crab with the PRZ zone around 17250, more possible with the current trend. Breaking ATH could confirm the pattern. The next significant level would be 15000.
Potential double top on a weekly time frame. Dropping below neckline 13,300 would confirm this formation, and that would mean the realisation of the potential Bullish shark pattern.
[billede]
All arrows are just copied and pasted - measured move!
More analysis available on polish version TV.
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