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
snapshot
Three GAP's unfilled , move below 10970 will trigger another short entry.
Reply
martinex martinex
GAP unfilled below ... but ... GAP just filled above
snapshot


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 !
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