DAX index is often following in the footsteps of the Dow Jones index.
The chart shows my previous analysis. Those analysis still stand
today. One that is trading the DAX index must always keep an eye
on the Dow Jones Index. I hope this will help.
Best regards
Nice flag pattern forming today on the Dow Jones index. Looks to be price consolidation after the early morning sell off and I anticipate this selling could continue.
TP levels on the chart but really, if price drops down lower I think it could shock stock buyers in to taking profits and more larger downside to begin. Everyone knows fundamentals don't align with...
The week before last gave us a shooting star/doji. The following week resulted in a pull-back that has everyone scared.
For now, we held lower parallel support. However, I'm leaning on the prospect of more downside for now.
The markets are telling us something: there is clear concern over the mid-term elections. If Democrats win, I'm sure that would pour water...
In my previous post, I was short the DJIA, with the expectation of adding at down trending resistance. I did add, but was quickly stopped out.
Now price has broken ABOVE the resistance line, and I'm forced into a neutral position. This means I have no conviction either way, and any trades I take will be 1/3 of my full size.
I do not want to be one of these...
