DAX now at important level
DAX is now at an important level;
1) There is a double bottom scenario in play or
2) Will this bearish push have legs and more on the down side
So let's try to draw some up some scenarios, some expectations for trading plans.
1) Today and tomorrow, I'm expecting lower volatility and perhaps a push up around 0,5% -ish or so
2) Expect false break outs, stops right below yesterday bottom are "easy targets" for them machines to gun
3) Based on gut feel and some vague chart patterns, this doesn't seem like it has bottomed out and another leg down will start incoming Friday or beginning of next week.
1) There is a double bottom scenario in play or
2) Will this bearish push have legs and more on the down side
So let's try to draw some up some scenarios, some expectations for trading plans.
1) Today and tomorrow, I'm expecting lower volatility and perhaps a push up around 0,5% -ish or so
2) Expect false break outs, stops right below yesterday bottom are "easy targets" for them machines to gun
3) Based on gut feel and some vague chart patterns, this doesn't seem like it has bottomed out and another leg down will start incoming Friday or beginning of next week.
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