German Stock Index DAX (Aug 2018) (Can Swing Back Up)

This will be my views of German Stock Index DAX Aug 2018.


Please make sure to read the "update" comment as there will be changes along the way.
You are welcome to "Like" and "Comment".

Cheers.

S0nic

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Comment:

It is true that DAX is in downtrend, but the current level shall be proven to be a good support(12080 to 12200) too. So, it is considered late to short.

So, we can go for a potential swing up.

EP Buy anywhere before 12100
SL 11960

TP1 12390
TP2 12500

Comment:

Update on DAX 23 Aug 2018

Our expected TP1 is hit.

Now we can see a small resistant is coming in as it paints a doji candle in the daily. We took some profit and we move our SL to break even and it is risk-free now.

If you are looking for a long, please be careful as well.

Trade closed: target reached:

View on DAX German Index 29 Aug 2018

TP2 hit.

Now it has a decent Bear PB.
Take all profit now, and enjoy your Wednesday.