![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=15.1)
And yes... the Point/Level you indicated is correct.
As I told thousands times: never try to predict! Never! It is a huge, dangerous mistake.
We are just and only studying some price action together! To understand Market Logic. Nothing more than that.
In the case of DAX... we are watching a past action... Market said NO with those last candles on the chart: Pin of Rejection plus Bearish Engulfing at Resistance.
Price went down to take out the Bulls Stop Losses...
We had a bounce UP from there: the 50% retrace. (MY long ENTRY)
PS I don't want to be accused again of overanalysis!
![](https://resources.faireconomy.media/images/emojis/64/1f61c.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f607.png?v=15.1)
We must learn to use these tools to follow the flow in its course and not to try to predict future movements.
This is the simple, IMMENSE difference to build a correct, winning mindset.
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