FX:GER30   DAX index of German listed shares
233 7 7
7 months ago
Watch out for negative divergence. Oversold RSI and strong resistance at this level. Weak fundamentals.
Will post update when price reaches action point.
7 months ago
Comment: I really should have waited for the resistance first I could've been much safer and maximised profits.. Still holding.
7 months ago
Trade closed: stop reached
moashiman
7 months ago
I am short since last Friday. My stop is at 10600. It's clearly overbought on RSI. The MACD crossed back down too.
Good luck!
+1 Reply
nahian87
7 months ago
I have done with market almost the same time.
+1 Reply
faris.makki PRO nahian87
7 months ago
I must have underestimated the fundamentals and all the stimulus programs.
Reply
moashiman faris.makki
7 months ago
Total short squeeze!
The daily downtrend since April 2015 has been smashed!
+1 Reply
faris.makki PRO moashiman
7 months ago
won't last for long though I'm sure of that at least. Just disappointed with my last two trades I'll sit on the sidelines for now and gather more info without bias. You closed?
+1 Reply
moashiman faris.makki
7 months ago
Shit happens. Luckily I closed my short today before it crossed 10500. I am so happy about that! I saw bull flags on several indices about breaking out.
Better to wait for new opportunities. But this might turn the market into a bullish one. But it's kind of crazy cause it looks so overbought.
+1 Reply
faris.makki PRO moashiman
7 months ago
Nice one I'm happy to hear that. No worries we know the big wave down is coming, this only means we'll get it from a higher point
Reply
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