Down trend started?

FX:GER30   DAX Index
97 6
Monthly chart showing its going to be down trend soon, but will it drop from here?
From PIP of my open position and to the pip of my take profit, happy days

My gut feeling really is saying its going to start dropping soon, as many traders are looking for long, thats when the market kills them and keeps coming lower and lower. but many demand waiting too so it has to be good supply or could be just going up and down for weeks n months. lets see how it plans out.
+1 Reply
Dude! you smoked that play! Good job!
+1 Reply
If by Trend you mean the overall Trend it would Take a lot To change a monthly as traditionally defined. It can take a year to confirm a Trend change on, monthly chart. However you can use a 4h chart and easily see Trend changes oscillate between the pivot highs lows and make money on That. No one is right all the Time. Study and play the price action. Honor your stops. I wouldn't worry about that big trend. That small Trend is whats going To make you or break you.
+1 Reply
JamesPowell JamesPowell
Bro you maybe wrong just as easily as right. Good Trading is not so much about being right as it is about how you play the same. Trick is keep the Losses small. I can see your trade working.
some how i dont see signs of reversal as yet . normally there is huge spike and dump.
+2 Reply
are you sure ?
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