ridethepig
Short

Scope to retrace further into 2019

XETR:DAX   DAX Index
=> After a very tough year for European Equities, the bad news keeps coming. End of QE with a very dovish ECB was expected to keep equities afloat, however, we can still extend the lows another -5% till 10,178 - 10,160.
=> Tracking this chart very closely into the FED and remainder of the year for any signs of a reversal once we clear the final targets. For those looking to buy the dip, here we need above 11,726 to give any opportunity of a meaningful correction.
=> Best of luck to all those trading DAX and other European Equities for the final hour in 2018.
Trade closed: target reached
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