Vladimir Ribakov reviews the DAX's bearish setup after a triangle breakout, pointing to a completed bearish divergence and expanding downside momentum on the daily chart. A 38.2% Fibonacci retracement aligns with recent swing highs to form a strong resistance zone targeting further losses.
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Hello traders, how are you? Vladimir here from Traders Academy Club. In this video, I would like to talk about the DAX and to share with you my technical analysis and price forecast. This video is a follow-up to the original idea I shared with you about 9, 10 days ago in my weekly forecast. If you missed it, this is the video. You can find it directly in the channel here. This is from 13 February, or right now on the right top corner of the video, you can find direct link to watch the exact plan we've had there. But right before I go to the charts and share with you my follow-up and my technical analysis, If you are new to this channel, welcome to our amazing community. Please subscribe with the subscribe button below the video and remember to enable the notification. And also I invite you to join our trading family, Traders Academy Club, where you would not just enjoy the best of our trading ideas and they deliver to you real time together with our real-time training education. You would also receive free VIP price action trading course, complete trading course. on price action once you are in. So follow the link below, uh, the video in the description or in the pinned comment in the comment section and join our trading family. So, uh, what do we have on DAX and why do I like the way it develops? A quick follow-up, as I said before, we were trading this triangle breakout. Just throw it. Okay, so the plan was pretty much straightforward: break below, pullback for a retest, and further continuation down. As you can see so far, DAX develops and develops big time. So why do I like it Because if we go to the higher time frame, in this case the weekly where it all started from, or even the, the monthly, uh, we can, um, see that after completing the bearish divergence for a long time, it was building it and building it and building it, right? And now for the first time, we basically create complete Lower lows, okay, which you can see on the chart, on the indicator as well, uh, on the MACD histogram. This is a scenario of a convergence. And when, when I analyze the daily chart, we basically— the way I see that here, we gain momentum, okay? So it's moving in sort of an expanding legs, and the pressure is very, very bearish. And as long as it did not change, every rally that could happen, from my point of view, is a rally that should deliver further opportunities down. And one of these rallies happened actually right now, as you can see. So as long as the sequence of the lower highs and now lower lows also is followed and respected, I still see that under a strong bearish opportunity. So far it is riding wonderfully, and we can, uh, if the market continues, of course, we can start talking about the next important levels. The interesting thing here that The 38.2 Fibonacci of the whole weekly wave, as you can see, fits together with the last low and also the swing high. So we have a high here and a high here. All this becomes a strong, strong, strong zone, and I believe that for the longer run, the DAX still has a lot to offer. To the downside. This is my, uh, view on the DAX and a follow-up to the original trading idea that we shared with you, um, 9 days ago or so. So again, if you missed it, you can find the video in the channel, uh, and this— the idea here was to follow up, um, share the technical analysis behind the longer-term view And to share also the potential target zone for the long run. Of course, let me know what do you think about DAX. How do you see this one? How far can it go? And that's it for this video. Thank you very much for watching. I wish you a wonderful trading, and once again, I invite you to join our trading family, Traders Academy Club. Enjoy the best of our real-time trading ideas and real-time trading education and get your access to our completely full free VIP price action trading course. Join with the link below the video in the description or in the pinned comment. I hope to see you with us and I wish you wonderful trading and all the best. See you soon with more.
