Tug of war on DAX
Price is stuck in the gray zone because buyers (who think that it's a correction and trend will resume) and sellers (who think that the trend has already turned to short, or want to exploit on the correction) have more or less equal strength.
When it ends (price prints above or below the gray zone), market either targets new lows into the correction of the daily long trend, or it rises with the help of the daily long trend.
In the gray zone, only very short-term opportunities may arise.
When it ends (price prints above or below the gray zone), market either targets new lows into the correction of the daily long trend, or it rises with the help of the daily long trend.
In the gray zone, only very short-term opportunities may arise.
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