DAX made me most of the money yesterday, it did not hit the sell limit level provided but we managed to go long then down it down to 15730 before catching the long moves. See how price perfectly capped the lows yesterday.
On DAX, it is somewhat more bullish yesterday compared to the US indices and yesterday's candle could be a sign of bottoming. But, I would be more convinced if US indices did not falter rather badly yesterday towards the end. Still, DAX could end green today but we need to look at strength of US indices too.
For now market is above the PZ. IMO, price could still dip to 15716, and in that case, would look for a possible divergence to go long for a move to 15780 and even 15890.
If price holds PZ, 15780-15800, look for a basing move to go long to target 15890 and possibly 15940, then look for short there.
On DAX, it is somewhat more bullish yesterday compared to the US indices and yesterday's candle could be a sign of bottoming. But, I would be more convinced if US indices did not falter rather badly yesterday towards the end. Still, DAX could end green today but we need to look at strength of US indices too.
For now market is above the PZ. IMO, price could still dip to 15716, and in that case, would look for a possible divergence to go long for a move to 15780 and even 15890.
If price holds PZ, 15780-15800, look for a basing move to go long to target 15890 and possibly 15940, then look for short there.
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