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Thread: DAX Fibonacci Retracement

  1. #1
    Junior Member
    Join Date
    Aug 2009

    Default DAX Fibonacci Retracement

    The DAX (German Stock Index) has broke its previous high in a strong uptrend with high momentum and continued above with great, strong trend. These strong trends have a tendency of testing the strength of buyers, by retracement.
    In this trend we would take long trade on the 23.6 Fibonacci Retracement. This level is confirmed by price as it has stopped there for several times.

    Source of Analysis:
    DAX Fibonacci Retracement | Forex Trading with Fibonacci
    Attached Images Attached Images DAX Fibonacci Retracement-dax-fibonacci-jpg 
    Fibonacci Trading in FOREX - Free Fibonacci Trading Methods, Articles and Trades.

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analysis, fibonacci, forex, forex trading, german, high, index, level

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