TradingView
EmmanuelDuru
Dec 10, 2014 1:23 PM

DAX heading towards bearish break Short

DAX index of German listed sharesFXCM

Description

As we can see, there is an ab=cd move on the 1hr timeframe that has confirmed it by hitting the 618 fib retracement. We should be looking for a break of the 9791 support to target of 9600. If really aggressive then 9455 is a good target but first and easy target is 9649 then 9600

Also on the 5min, we can see a head and shoulder forming and gives more signs to sell plus the kumu break on 1 hr as pointed

Tell me what you guys think....thanks

It just broke the support.
Comments
jeremyb
you can not edit a new one, are u French? you have to post a new one .
EmmanuelDuru
@jeremyb Hi, the 618 retracement is from B-C. I dont know how to edit it to show the measurement but I will try and see now.
jeremyb
could you show your fibo 61.8?
jeremyb
not bad
EmmanuelDuru
Hi, the 618 retracement is from B-C. I don't know how to edit it to show the measurement but I will try and see now.Thanks
EmmanuelDuru
Sorry I was wrong about the 618 retracement, it is actually a .382 retracement. Thanks, do you think it could it still work though?
More