Update of DAX analysis: the index moved further up pushed by more bull buying. The upper resistance line of the 4th wave channel was reached and some selling started from there. My long strategy on the DAX keeps active. I moved the Stop Loss (gain in this case) to the 11420.
Comments
PrinceParisOfTroy
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Very nice anaylsis!
PrinceParisOfTroy
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I'm short from 11,620, expecting price to reach Outer TL
AntoninoRomano37
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Thanks. I agree some selling will start from the Outer TL. That is why I moved up my stop at 11420. I am still long for the longer term.