Today we focus on the Dax, and its weekly cycle.
Usually I prefer the longer cycles, but I would like to start moving the operations a little more.
As always we have to look at the larger cycles, and we are sellers on three-year, annual and four-monthly, so we cannot push that much, but on the weekly we are near the middle of the cycle and therefore likely pullback between 38% and 50% of Fibonacci and then start again towards the right hump of the weekly.
At the writing of the article I will have already set the buy signal on the Dax so whoever wants to try, get into the fray. 😎