Potential ABCD pattern forming on the DAX daily chart.
The harmonic A to B and C to D match with a 0.618 retracement and a 1.272 projection.
The finishing area of 8453 also falls under a previous support and resistance zone.
Noticeable RSI divergence can also be seen.
The harmonic A to B and C to D match with a 0.618 retracement and a 1.272 projection.
The finishing area of 8453 also falls under a previous support and resistance zone.
Noticeable RSI divergence can also be seen.