the DAX30 is continuing sideways within a larger consolidation zone. The correction will probably unfold a in triangle chart pattern which could end in the near future. The next breakout direction will be an important factor whether a downtrend or uptrend is expected to start… for the moment a bearish breakout seems more likely, but that will depend on whether price will break above resistance or below support.
S&P500 broke a key support trend line and could be ready for a larger bearish retracement. This index could challenge the bottom in the next days and is likely to build a consolidation pattern first before starting a new up or downtrend.
Check out the video for the full analysis and trade plans on 20-27 March 2018:
DAX30, S&P500 technical analysis
Review of patterns, trends, key S&R levels
Explanation of potentrial trade ideas both up and down
Beginner friendly, explaining concepts in more detail
See the video below for all of the details
camarilla Guide & Indicator
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