dax30short

Main bearish outlook-- Another break of the long term rising trendline is bearish Shallow rebound from 12610 low on June 19 has ended- setting up re-test and likely break of 12600 Next key support could be 12400 Bullish alternative 12600 level holds, maintaining trading range enrivonment (level is significant because it was resistance after the February sell-off ...

I have been watching the DAX H&S form for a while now. This pattern has now been confirmed with a break and weekly close below the neckline. A descending neckline indicates fundamental weakness and could imply a swift drop. I am short with a first target in the 10,700 area, and my ultimate target under 10,000.

My #Autogate fractal, implies sub-10k for $DAX. Just an idea.

Short double top over 12.800 include fibs reversal to next target 12.560, 12.390, 11,980. Short possible on basic trend line red.

What can we expect of the coming days. Breaking up or down, the DAX reached critical levels. I'll remain short.

German Dax is calling for a correction on monthly/weekly time-frames. Also with the upcoming french and german elections this year, I am expecting weakness/corrections in german dax for the coming weeks.

Short price action at 26-Jan-2017 with a 20 MA break out on 7-Feb S1 Entry: 11554 Stop: 11890 R1: 11226 R2: 10896

May have a reversal on the FX:GER30. I am waiting for a clear signal of the bears taking over price and we could get a pullback

Possible fractal recovery to 10700 then short (limit order). If it doesn't get there, nothing lost.

Fractal and tramlines both say short here. See also my DAX/USD chart