The consolidation is still in full swing!
1. On the one hand we have the danger of the big bearish flag. (red 1-2-3 counting)
Thats my exspected szenario. The consolidation can go further till the maximal correction level (62,8 fibo) @ round about 10650. At the latest the market should turn again bearish at that level, The TP of the bearish flag is @ 8600. It also could be, that we have seen the high today.
2. On the other hand we have a newborn shortterm uptrend (green counting). If the market can pass the resistance level @ 10.360 a new "2?" can be exspected.
When the market will reach this level, nr. 1 is valid again :-)
1. On the one hand we have the danger of the big bearish flag. (red 1-2-3 counting)
Thats my exspected szenario. The consolidation can go further till the maximal correction level (62,8 fibo) @ round about 10650. At the latest the market should turn again bearish at that level, The TP of the bearish flag is @ 8600. It also could be, that we have seen the high today.
2. On the other hand we have a newborn shortterm uptrend (green counting). If the market can pass the resistance level @ 10.360 a new "2?" can be exspected.
When the market will reach this level, nr. 1 is valid again :-)
