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DAX Wide Range Due to the Megaphone Pattern

By:
Nenad Kerkez
Updated: May 19, 2021, 08:09 GMT+00:00

DAX has made a broadening top aka megaphone pattern and the range is looking very wide. If the price hits specific zones we will probably see the reaction.

DAX Wide Range Due to the Megaphone Pattern

DAX has made a broadening top aka megaphone pattern and the range is looking very wide. If the price hits specific zones we will probably see the reaction.

Selling zone 15500-635 has made a confluence with W H3 and M H5 camarilla pivot. We should see selling if the price gets to the zone.Buying zone is 14778-14861. If the price gets there we might see buying opportunities. In between, is the no-man’s land. In my opinion, the price will range between B and S zones without a clear direction. Watch for Weekly camarilla levels until the end of a week.

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Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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