Anees
Long

DAX 11200 update

FX:GER30   The DAX Index
159 0 3
Updating the DAX             Long plan fron the @10200 area
Comment: - Amazing how the char works, as said, first the price should fail breaking the 10500 area, then a huge fall shoud come to retest the lows. Only the news spike shooted down but the price daily bars are in the buy zone targeting 11200.

-As for now the price is above a strong support above 10000, breaking it again is almost imposible.
-The price should consolidate between @10420 and @10180 for a while, so Wait for any flag in the 1H chart and go Long, good @10280, best @10180.

Good Luck
Comment: -News gap closed, DAx may fall hard from @10550. so hedge your longs, SL above @10560.

-If @10580 resistance broke, go long on the retest 1st TP @10666, extendet TP @10800 and @11200

-More details you will find in the last DAX 15 min chart which i posted earlier today.

Good luck
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