DAX: Fibonacci analysis

On the 4-hour chart the price is tending the level of 12333.0 (correction 23.6%). The breakout of it will let the price to grow further via downward fan to the levels of 12450.0 (correction 38.2%, the middle line of Bollinger Bands for D1) and 12545.0 (correction 50.0%). The reverse to...