motleifaul

Daily Correction Filled

Short
motleifaul Updated   
FX:GER30   DAX Index
7
I consider the little rise today as the completion of the fibonacci retracement of the fall on May 17th. Thus the downward correction of the big upward wave may continue now.
Trade closed: stop reached:
I should have closed this deal yesterday. Today is holiday in Germany and the trade is very thin. This made it likely that the stop would have been triggered.
Trade active:
I am taking the opportunity of the intraday retracement now to re-enter into this position, despite of the lower price. The correction downward is on the way but it seems that it will take some time until it will rush.
Trade closed: stop reached:
It's becoming a sideward consolidation. I'm getting out.
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