In a nutshell:
I gonna update the idea regularly. Nevertheless I will do also some "Interim" trades. I would open the trade rather in the upper range than in the lower ranger, but I gonna comment on this one later - who can tell now.
- Idea is based on the daily and provides a mid-term view on the DAX
- We might see a pullback towards 12,200 - 12,600
- Risk seeking traders might open a short position in this range, more cautious wait till 11,600
- The pattern might complete till Feb. 2019
I gonna update the idea regularly. Nevertheless I will do also some "Interim" trades. I would open the trade rather in the upper range than in the lower ranger, but I gonna comment on this one later - who can tell now.
Trade active:
What shall I say, it started earlier - w/o any pullback…
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All major Indices are hitting the EMA 200 (daily or even weekly) right now. Expect pullbacks and take some profits… Anyway we made massive pips within the last 2 days and the 4 days before. Nice week :)
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I am looking to reenter the short trade around 12.100 (plus/minus) gonna update the idea when I am short again.
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If the market accepts the 4H PP and does not move above I will be short again.
If the market accepts the 4H PP and does not move above I will be short again.
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Well as written above I went short… And we got a new short signal in 4H but keep in mind: Tomorrow is the third Friday. So, I will be careful with trades before 1 pm. Ride safe...
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This is the blue print which I have published in Feb. 2018 and which worked very well until now… Today we broke the first support line which means we might see another sell-off towards 11,100. ride safe guys…:
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For the time beeing I am flat again. The newspaper Il Messaggero published that the Italian government might change the budget plan. It does not change anything but you know how markets react on such news...
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Next Milestone reached… Take some Profits... :)
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We have successfully tested the neckline…
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I would expect for today the announcement of the ECB regarding Italy´s budget. Right now we see a hughe push towards north. Nevertheless I would expect as soon as the announcement have been done a retracement...
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Okay it is not just simple price management by AM. Seems we found a deal on Brexit...
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Still running…