If I am not mistaken this is the first probability level of the impulsive Gann triangle, am I right?Cagliostro wrote: Mon Feb 10, 2025 9:52 pm The overall trend of DAX is bullish, so longs are ok. Just be careful of resistances (it could go up to 21859-21.877 and if it gets rejected, the next entry would be around 21695-21728) after a drop.
Also, we have 2 black levels with a demand zone around/above that value, which could give us a price reversal in that area, so has to be extra cautious with risk-taking.
How do you anticipate the level/rate of the drop? Retesting the supply zone and the bullish black levels? (or call it buy-side liquidity hunt?)
(side comment, we are after 3 hours of the LO and also Monday, so for now DAX should slow down and offer less volatility, am I right?)