Neel_K

Another Story: Bears Resting.

FX:GER30   DAX index of German listed shares
We have seen a Strong Bear move with 4 of 5 days as bearish .
However the previous swing low hasn't been breached yet.
Bears will make second attempt to do so, at favorable levels.
Current bulls, unless they get reinforcements will likely give way to next swing low.

So,
IF Bulls gets re-reinforcements a double top or retest of consolidation zone.
IF More Bears join the party, looking for break of previous lows.

More,likely a consolidation phase coming up.
Neel_K PRO
8 months ago
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