16/11/2020 #DAX30 Pullback needed before further up
Price gapped up slightly and rallied with US to my first R level but now down almost 60 pts.
Bias to upside above 13058. Based on price action now, I see a possible re-test on that level before a decision is made.
Higher resistance are 13279.8, 13412.
If 13058 is re-tested and break, be cautiously bearish, look for shorts to 13013.2, 12990.4, 12922, 12854. In the unlikely event 12778 trades today, it will present a low risk buy level.
Bias to upside above 13058. Based on price action now, I see a possible re-test on that level before a decision is made.
Higher resistance are 13279.8, 13412.
If 13058 is re-tested and break, be cautiously bearish, look for shorts to 13013.2, 12990.4, 12922, 12854. In the unlikely event 12778 trades today, it will present a low risk buy level.
Comment:
As mentioned, price pullback to blue zone.
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