Phenlx
Short

Wow what a nice rallye, now maybe the right time for a short?

FX:GER30   DAX index of German listed shares
52 0 2
Hey fellows,

for those of you who saw my analysis on 16.10.2015 and had the same view on the market congrats. You expired a 700 pips rallye of the ger30             ( dax             ) last week. The analysis from 16th is attached to this one.

Since DAX             rallyed very strong within only a few days and it is close to a extended AB= 1.27CD pattern which is confluencing with some structure levels and also with the upper Trend resistance line of the channel drawn in my analyis, I do expect soon a correctional down leg.
What do you think?

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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading
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