Dax and many other stock indices are trading in strong uptrends. Pullbacks are shallow as investors enter at any short term dip, fueled by Quantitative Easing Europe edition.
Under this type of trends, it be might be necessary to be less conservative and more aggressive in entry to be able to ride the trend.
Therefore, I am long targeting the most recent high at 13303 and 13535. A break below the blue shaded support area would stop me out of the trade with a small loss of 1% of capital.
Best
Tech
Under this type of trends, it be might be necessary to be less conservative and more aggressive in entry to be able to ride the trend.
Therefore, I am long targeting the most recent high at 13303 and 13535. A break below the blue shaded support area would stop me out of the trade with a small loss of 1% of capital.
Best
Tech
Comment:
First Target hit
