1st, my bias is long with a target around 290-300 to test the Previous Highs.
After that i would not be suprised if price will find its way back to:
1. 255-260 or maybe to
2. 200-210; and even to
3. 150-160 would be my (far) stretched target
See my earlier post on DSM.
Price has reached (earlier than expected) its target Long on warning line of previous trendchannel (and has confluence with Upper Median Line of Pitchfork (in green).
For me this is a logical location for price to reverse (for at least a bit).
My bias is therefore short.
1.€ 82,50 - 83
2. € 75 - € 77
3. € 67 - 67,50
Price has found support on Warningline of TrendChannel up.
Will it hold again and push to:
- € 15,50 (target 1 for long)
- € 17,50 - 18,00 (target 2 for long)
or will it fail on retest and fall to:
-€ 11,50-12,00 (target for short)