thiagonobre
Long

Is it LONG from here???

FX:GER30   DAX Index
44 4 1
It looks like a perfect Gartley for a long position, but I'm still not sure if it will come...

Thoughts, comments or ideas HIGHLY appreciated!

Happy trading

i'm watching the highlighted area closely for a possible long position, very cautiously however.
+1 Reply
thiagonobre Chartster
I didn't expect such a steep drop today. I entered a long position at around 11000 (-2,4%), as the DAX typically does not go down too much further than that in a day... I guess I went in too early...
Reply
Chartster thiagonobre
I'm guessing the fundamentals really must of spooked the indices, they're all melting. I agree was expecting a nice long opportunity today on the retracement but DAX has decided otherwise. Wouldn't go against this trend unless we get a 4h reversal candle minimum, but even that won't convince me much considering the drop.
Reply
thiagonobre Chartster
Not really sure as well what's going on...

I'm thinking... If today's close doesn't go too much below 10930-10950 and we go up tomorrow, I guess the support held. But if we go down from here, then I'm screwed ad can only hope that 10650 holds...
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