DAX SHORT: Fundamental and TechnicalFundamentally: the Eurozone is politically unstable. Debt is rising. The Euro may bottom soon if Draghi tapers QE. Rising US interest rates will put downward pressure on global equity markets.
Technically: there are multiple divergences on the 4H chart towards 11600.
Target: 11000, 10500, 10000
Daxshort
DAX , HIDDEN BEARISH DIVERGENCE >> develope to the downside ?Not sure , but if it holds on here 10648 , I can notice we have a clear HIDDEN bearish divergence, that could come in play now >>> to the downside. Put a SL above that level, for a start.... and move the SL down, when posible. Not an easy task , so let's see if it could be any good....
That 4h-candle was not finnished, for another 2 hours.... but I did choose to make the chart now.....