#DAX - 1H DIVERGENCE BUILDING UP
Rebound muuuch stronger than I'd expected, therefore not sure at all about the next price pattern guesstimate.
I'm 100% sure there will be an correction but the million dollar question is when and how far up will we go before corrective wave down starts? My current estimate is max 10 200 but it is always super tricky to call tops IMHO. However, we have the "brexit" vote in play still this week and thus market psychology might play an important role for the next ~2 trading days.
That is, I'm betting the "long players" wants to secure some profits before voting starts and thus might see an corrective move down to low ~10k. Then we have the guys that (still) might be positioned short; do they cover positions before the voting or not..? (i.e. what is the possibility for a short covering rally in the very near future)
I'm 100% sure there will be an correction but the million dollar question is when and how far up will we go before corrective wave down starts? My current estimate is max 10 200 but it is always super tricky to call tops IMHO. However, we have the "brexit" vote in play still this week and thus market psychology might play an important role for the next ~2 trading days.
That is, I'm betting the "long players" wants to secure some profits before voting starts and thus might see an corrective move down to low ~10k. Then we have the guys that (still) might be positioned short; do they cover positions before the voting or not..? (i.e. what is the possibility for a short covering rally in the very near future)
