FX:GER30   DAX index of German listed shares
346 7 5

Everything that was expected for the last year might happen in the next 10days.

I think this time is different.

The preparation of this move took many months and that has allowed the speed limits to create some space.

I think 10572 in 10days... then we can pick our best shorts
Leo.Ash
2 years ago
As usual agree with the view as you know. In climax mode for me maybe 10.420 and then it is over ;) . In my charts i give 10.300 - 10350 to sell longs.
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Nice chart. What do you mean by "preparation of this move" ?
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YaKa PRO MagnusTradingGroup
2 years ago
preparation:
1 top in june ok
2 correction with break below support
3 pull back against support becoming resist.. too early so needs to go down again - ok
4 back up strong but too early versus draghi delayed qe...
5 correction for the last months whilst respecting key 9100..
6 wall of worry building - bear interest rising without decisive move and bang!: unwind of all shorts in a short period of time.
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jangseohee
2 years ago
http://www.telegraph.co.uk/finance/economics/11334993/European-Central-Bank-could-pull-trigger-on-500bn-of-sovereign-QE.html
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YaKa PRO jangseohee
2 years ago
Thank you.
for the moment the price wants to go up..
The NFP was good.
The best paradigm for the market right now: good macro data in the us and bad one europe to support ecb qe.
I can only read what people expect versus what is done and the related price action...
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jangseohee YaKa
2 years ago
No more downside.. cho cho train going northeast!
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YaKa PRO jangseohee
2 years ago
that seems to be the case for the next 10/20 business days.
I hope it reaches 2140 quickly so we can see clear.
+1 Reply
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