martinex
Short

Downtrend Line resistance ... with MA200

INDEX:DAX   DAX Stock Index
85 4 0
This short term up move as the correction seems to be over now - hitted 200DAY MA last week. Downtrend line has been tested again yesterday. Now we should see next down move , close the GAP and move forward lower.

If next down wave will be equal the previous one ( red price range arrows ) the Target will meet around 8580pt.

SL above 11055

Good Luck !
This is very risky for longs to go up from here Three GAP's unfilled , move below 10970 will trigger another short entry.
Reply
martinex martinex
GAP unfilled below ... but ... GAP just filled above

In this case TARGET is looking at ca. 8820pt
+1 Reply
FDAX High 2015-11-19 = 11153,50. You give SL 80ish points a TP 2393 points. It makes no sense.
Reply
martinex PaulusDAX
So I understand that you prefer the oposite strategy : 80pt profit with 2393pt SL ... Good Luck then !
Reply
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