This is my first Publish, please take it easy with me.
only been trading for last 6 months.
I feel it will go up to 0.618 and turn back to test the bottom. (9933)
thank you hope you all the best for week coming
Well, the normal adage of a normal market trade says " sell in May come back in September." For those who are short since May it may have been a catastrophe. Having said that, The market is facing a normal and regular correction. This correction may last until 9400 or 9200. Bellow that level, it may very much slip bellow 8950.
Furthermore, the money is still...
Update on previous post : price got too far ahead of itself before Thursday ECB news. They can`t hold this in a tiny range below 10000 forever without looking totally manipulative / algo-driven, so now we have at least SOME movement.
Here is my trading plan for DAX in the near term. If it retraces a bit lower, I would buy and head for the high, where
a nice level for shorts is waiting.
Petr
