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The_Cannalyst
May 5, 2017 9:45 AM

Short Breakout or will the support be bought again? 

DAX index of German listed sharesFXCM

Description

Trading below the illustrated supportlevel should initiate a selling wave down to 12.560.
if we can trade above that Support - a Long Position has a nice Chance-risk-Ratio with a sl short below the Support
Cheers

Anticyclical Long example:

procyclical short example (my favourite :-) )

Trade closed: target reached


cheers!

Comment

YES..if we could trade above todays high a further upwave could be exspected

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run forest -run!

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jihaaaaaaaaaaaaaaaaaaaaaaaaaaa
time to say good bye :-) rsi is overbought now and made a selling sinal...cheers

Comment

Perfect! The RSI told us the truth...

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aha

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watch RSI!

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check!
Comments
EASYCHUA99
Hi mary
can DAX move up again to ward 12880 ? --13000
TylerDuren
Hi Mary, which way do you think this will go? up to 13k...
eagle.one
good job !
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