If current market structure holds, I am anticipating a minor structure buying opportunity, before the major structure sell continues with the trend. However, if market breaks current structure, look for the selling opportunities.
Should anything change, I will keep you guys updated.
Trade smart & safely!
GOLD
First, short term buying opportunity to retest trendlines and f.level.
Then, if price rejects around these areas / levels (^mentioned above), look for selling opportunities. Extra confirmation = break of current buying structure (black trendline)
DAX
If rejection of green zone occurs, look out for buying opportunities to complete current fib structure and...
I've got a short-term buy analysis to retest the trendlines and foundation level. If / when price rejects at and around trendlines and f.level, look for selling opportunities. Extra confirmation = break of structure on current minor structure buying trend.
