The DAX as you can see gapped lower at the open on Thursday, but then tried to rally. With this, we found enough resistance to turn the market back around
The DAX as you can see gapped lower at the open on Thursday, but then tried to rally. With this, we found enough resistance to turn the market back around and form a shooting star, which of course is a bearish sign. With this, we feel that the market is probably going to pull back from here but it’s only a matter of time before the buyers should show back up. This is a very impulsive and up trending market, and as a result we are simply looking at pullbacks as value going forward.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
