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FadeMeIfYouCan
Nov 16, 2020 2:09 AM

16/11/2020 #DAX30 Pullback needed before further up Short

Germany 30OANDA

Description

Price gapped up slightly and rallied with US to my first R level but now down almost 60 pts.

Bias to upside above 13058. Based on price action now, I see a possible re-test on that level before a decision is made.

Higher resistance are 13279.8, 13412.

If 13058 is re-tested and break, be cautiously bearish, look for shorts to 13013.2, 12990.4, 12922, 12854. In the unlikely event 12778 trades today, it will present a low risk buy level.

Comment

As mentioned, price pullback to blue zone.
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