Market made a nice bullish reversal candle yesterday when all are bearish, and this was as per plan (tradingview.com/chart/DE30EUR/sej3ZYU0-04102023-DAX).
IMO, price action is bullish vs price is still below the DBZ. But I would go for the move higher from here. Looking for PZ to hold and a move to target 15320. I will not discount the possibility of price reacting against the DBZ and a down move first (to 15002) but overall, looking for a move to 15236 minimally and 15320 likely, before any strong reaction from sellers.
IMO, price action is bullish vs price is still below the DBZ. But I would go for the move higher from here. Looking for PZ to hold and a move to target 15320. I will not discount the possibility of price reacting against the DBZ and a down move first (to 15002) but overall, looking for a move to 15236 minimally and 15320 likely, before any strong reaction from sellers.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.