For the 7 days coming i expect a rise until 134 area ( huges support and resistance on daily ) or 136 area, with less propability regarding the recent event, then fall on 122 area. Fibonnaci retracement seems to respond very well for scalping and bring us good entry point on each retracement. in 15 min i think eur/jpy 0.08% needs to break the mini upper flag by...
What i see in 1h and 4 h Chart is a nice reversal pattern wich could lead us to the abyss. If we corralate with dax i could say both indice are mature enough to deep lower. Dax hit a new high since few month and explose 100% fib level so a correction is needed i supposed . So wait and see bear confirmation for DJIA in few days .
Now it seems we progress in a bull trend but we need more confirmation. A possible Bull flag is forming and will bring us to 12460 area. The market seems to consolidate after a gain of 500 points in 6 days. A bearish scenario il also possible and a little technical correction can occur to the 12300 area. I will wait for a good entry point and see if that bull flag...
