For Friday 27-01-2017

This is what I am thinking right now: A retest of today's high at 11892. It may shoot up from there. I expect it to retrace where 50% level becomes critical as if it reverses at that point, we're likely to see 12015 (scenario A) or it retraces further down to 61.8% for an up to around 11865 followed by a sharpish down towards 11557 - 11479 (scenario B).

I am biased towards scenario B.

As always, I urge you to trade your own plan. I'll update this idea as things develop. Good luck to you all!

Zlecenie aktywne:

Getting the distinct feeling that DAX is currently working on a bull flag.

That would mean scenario A. Whether she'll go down to 50% retracement before the breakout north is the question... Currently that looks unlikely.

Komentarz:

61.8% FIB reached... potentially back up from here...

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