Do you expect any pullback towards the downside before reaching 117-118 level? actually I opened a short position at 11250 as I assumed that it will go down to 10.800. Would you expect this level or 110000 level to be seen soon before it reaches the 117-118 area? your reply would be highly appreciated
SimoneSiesto
⋅
@FlyToSky1, that's a one million dollar question. It is really hard to predict if they are going to retrace immediately or after few candles. I think the upside movement has no much room ... it will be depending from sp500.....I have 3020 or max 3100 as limit for the sp500. So I do believe it is really matter of really few days before a strong reversal...
FlyToSky1
⋅
Hi, Do you think that DAX30 will reach the 1800-1900 area? why do you think so if there is no volume to support the up move?
SimoneSiesto
⋅
@FlyToSky1, Hi, price is always lagging the volumes. That's why I think they might go close to that level. In any case, we should be approaching the final step of the ascending phase for the upcoming weeks