June 2023: possible short, weekly chart
Possible short scenario
- pullback on higher timeframe might be incoming
- weak seasonality begins with June
- 5 waves up already --> pullback might be near
- what is missing: a proper high with divergence
- what am I waiting for: completion of AB=CD move as a minimium requirement
- more details are explained in public post (see link below)
target on weekly chart: I would expect a pullback to 14000 (more details: see linked article "DAX Lagebericht...")
- why? nice liquidity above + 50% retracement from October low to ATH
- pullback on higher timeframe might be incoming
- weak seasonality begins with June
- 5 waves up already --> pullback might be near
- what is missing: a proper high with divergence
- what am I waiting for: completion of AB=CD move as a minimium requirement
- more details are explained in public post (see link below)
target on weekly chart: I would expect a pullback to 14000 (more details: see linked article "DAX Lagebericht...")
- why? nice liquidity above + 50% retracement from October low to ATH
The DAX VIX made a new low into the lower portion of "Demand".
The DAX might be in its last wave up on the weekly/daily/H4: