German Dax Ultra Short Term Outlook.

Trading has just resumed with DEU 30 and quick take from the 5 Minute chart gives a very bearish view. Bearish Island Reversal now on hand turning the ultra short term bias to downside. All eyes are now on the gap down zone which may hold the key on the upside and Daily Key Reversal bar low of 05/3 on the downside.

A new low, lower than that of  BULLISH DAILY KEY REVERSAL day of 05/03 (on the daily chart not shown), would negate the key reversal turning the short term bias to the bear mode again, if on hand by the close of the current session or next few sessions.

Fun and games in the ultra short term continues…

 

Chart is courtesy of tradingview.com

deu305min07032018

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