DAX 4H - Lack of demand at yearly highs
Supply and demand Analysis - Published 03.08.2016
We're seeing lack of demand and maybe even liquidity at yearly highs. Each time we build enough demand to reach highs we have sudden and steep declines, which could indicate lack of demand. I expect a small pullback, before heading lower.
However should we take out the yearly high on a fair amount of volume without liquidity drops I would turn around and be very bullish on the market.
We're seeing lack of demand and maybe even liquidity at yearly highs. Each time we build enough demand to reach highs we have sudden and steep declines, which could indicate lack of demand. I expect a small pullback, before heading lower.
However should we take out the yearly high on a fair amount of volume without liquidity drops I would turn around and be very bullish on the market.
