IN the Past we had about 2 Months of shorting DAX,Indikators seem oversold. Dow S&P are pulling back with an inverted Head and shoulder. This might be a Big Trap for all Shorties, and will be a painful squeeze if tomorrow the FED brings Data were every1 is pleased with.
Long term long still open but will scalp futures in the process.
GER 30 - DAX began to drive us to a nice Gartley Pattern
the index looks like it is correcting the cycle from 2009 lows The trendline drawn on chart is still holding. so as long as 9363 is holding dax can turn higher from here. If 9363 will be broken, than a test of the 50% retracement level from 2009 to highs is very likly.
Hi traders, At the moment we are at the bottom of a long channel on the $DAX. I think it is worth to try a long here because of the risk/reward. As you can see on the graph, my trade plan is to buy here with SL very close and a TP near 10,610. Ratio: 4.09 (amazing!). However, long term I am bearish indices, so I recommend buying small here. IF we see RSI...
Price remains trapped in its bearish channel, despite a huge rally today. Expecting further bearish momentum tomorrow unless a deal is struck. Targeting shorts to the Outer TL, where I will then be looking for long positions.
Sell GER30 Target: 11228,0 Target: 11160,0
My previous bullish bias was negated by the break of of the TL, I am short from the retest at 11466 target 1 11200, watching price careful, as this is key support, if it breaches I will be targeting the next level at 10600.
Price hit the Primary TL as expected, took a nice short from 11700 catching just over 300 pips. Waiting with anticipation for the open to see where price is, looking for good long position with stops placed under 11400. The current bullish TL hasn't been broken yet since the last major sell off from last year. Indicating it will probably hold once again. Looking...
DAX is around his previous top. Technical DAX make a higer low at 9300 area and break the last lower top 9500. DAX turn bullish again. But only because Dagi talks the market higer. I not trust the current situation. Technical DAX has overbrought RSI But low oil price is not good,(-36%) is crash. High Yield Bond Funds, one of the many proxies for junk debt, is...