TomPip

GER30 price failure, -3.75% removed from bear market

FX:GER30   DAX Index
Price movement and potential in %.

+5.45% : Still up for 2015. For how long? :)
-20% : Beware of the bear market.
-11.7% : Downside sell off so far.
-5.55% : Important trend line encounter.

I have entered a 10% long call position at channel support to follow my trading system, but the channel support has completely failed and price is on it's way to test the broadening wedge support. I'm switching my view from short since the beginning of the week to neutral. I will consider a bounce on Friday not necessarily bullish , as a Monday sell off will demotivate bulls extra. Overall i will have a neutral view for this Friday and the last week of August, seeing it both continuing the sell off or retracing some up.

I will update my DAX             RSI perspective during the weekend.

Safe trading.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out