christian.langfors

DAX SHORT TERM - REBOUND PROBABLE TODAY/MONDAY

FX:GER30   DAX Index
Although DAX will put in a ugly weekly red candle (unless sharp rebound today), and on a mid term time frame, I estimate we test 10500 again, the short term rebound (today/monday) is likely.

1) We are outside of 1h regression channel that is somewhat rising still
2) First pullback is usually bought buy "late-to-the-party" dip buyers (that will get burned next week)

11160-ish is an interesting possible area for next leg down to start. GL
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