29092023 - #DAXWednesday's price action is bullish and yesterday we have a follow through, though not before some mayhem, selling to almost the lows and rebounding sharply. It made a nice double bottom with bullish divergence before going back to PZ then going higher during US session. Nice move from strong level to strong level.
But what is it for today? Lots of news event today thus could make things interesting. Daily price action is bullish, and IMO it points to further continuation today. But IMO certain aspects point to a down before an up to close green (like yesterday).
Supposedly the US strike and shutdown issues are unsolved; when solved, those should provide some short term bullishnesss for the market but before that, it could result in some volatility for today. I am of the view of market to come down first to 15269 at least (15200 likely too), then a move higher (based on bullish price action). Look to go long and add on at 15191 for a move to 15455, 15511.