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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
