Monday: I expect DAX to move gradually towards 360-400 region and then small margin retracement. Furthermore, low volume will be the driving force but expect short term bullish. RSI is closed to oversold and trend reversal is expected (meaning long) evident by the indicators in the idea. Will be aiming to but once Dax hits 10300.
Note
Today went as I forecasted; first we went up towards 360-400 region but proved to be strong resistant level and then fall back to 360 and subsequently to 330. Will update tomorrow forecast on Tuesday early morning.Note
Today I would be cautious as there is FED and BOJ meeting coming up within next day. Scalping is the best strategy in choppy days. Dax will lose some ground and move to 350-360 region possibly touching 320 again in extreme situation but rebound is expected afterwards. Buy long on the lows and short on the highs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.