tonitrader
Long

GER 30 long as longterm trade

FX:GER30   DAX Index
My last interpretation of the GER30             was wrong. I evaluated the general market conditions wrong. We are in upwards trend and should trade long. This is more likely to happen and so, better to trade. Since a few day we see a very strong index and will in long term view hit all time highs again. German fundamental market data are positive as well as European, despite the Greece Crisis. Slowing down growths in China is a natural process, an economy can't grow as fast as Chinas did for such a long time. Chinese stock market "crash", if one can denote it as a crash, it just because of many inexperienced novice investors and a massive increase in 2015. The plunge is just the natural system of markets.
German or American markets won't be affected by that.
Long story short, the DAX/Ger30 will rallye up to all time high. It maybe will need a few weeks, because of "summer weakness" of the markets.

Risk Reward Ratio = 2,45

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