DAX Trading 12/04

What we expected lazy bullish bias. Range 100 High 7884 in the middle of my expectations.

Divergence in the RSI and Stoch it can also be seen on CMO (graph at bottom of chart)

I am expecting a corrective move, the depth should give us a clue as to the next pattern Range from 7860 down to 7624. 

A shallow retracement less than fib 0.50 more than likely wave 2 so we should anticipate more upside into wave 3. A deeper zigzag 0.6 or more will indicate a B wave of b

My trading plan is to sell on a break of today's closing, looking for a 0.61 correction min prefer 0.7 or 0.9.

Targeting 7724 (support zone) to 7624 area.

Robot 1 entered long profit $ 53.73

Robot 2 2 longs and a short profit $ 127.05