Is it LONG from here???

FX:GER30   DAX index of German listed shares
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
2 years ago
DAX looking tres Bearish

i'm watching the highlighted area closely for a possible long position, very cautiously however.
+1 Reply
thiagonobre Chartster
2 years ago
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...
Chartster thiagonobre
2 years ago
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.
thiagonobre Chartster
2 years ago
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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