As the Euro Group leaders and Greece continue their game of "Chicken", today's morning price action indicates that investors are optimistic about possible deal between both sides.
Today's huge rally in $DAX is about to hit its first major resistance zone and potentially, sell zone for those who seek bearish opportunities towards today's news.
Trend line, 200 SMA line and Structure - 3 elements to monitor today and you can also add some small bearish AB=CD pattern to this bearish scenario.
1140-1150 is the resistance zone. A close below 1130 could be a confirmation signal for the possible reversal
Today's huge rally in $DAX is about to hit its first major resistance zone and potentially, sell zone for those who seek bearish opportunities towards today's news.
Trend line, 200 SMA line and Structure - 3 elements to monitor today and you can also add some small bearish AB=CD pattern to this bearish scenario.
1140-1150 is the resistance zone. A close below 1130 could be a confirmation signal for the possible reversal