fxtrader66

DAX If history repeats, look for a bounce from 9500-9420

FX:GER30   DAX Index
237 views
1
Starting with the June / July lows of 2013 the DAX ( GER30 ) has entered support at the 175 to 200 day mva. Like an old mule, if it has traded three times in the last year, it could trade again. Will enter on observed support on a 15 min time frame with a tight stop, and bring to BE ASAP .

Comments

there is another reason for a rebound near 9500. a channel support.
+1 Reply
So you think it will go down to around 9500? Or are you only saying that if it goes down to this level, that it will bounce there!?
Reply
elp D0NKbet
Not implying price will go down there, however if it did get into 9500-9420, looking left of the chart it could bounce if history repeats. nothing is a given sure bet, thats why its important to use good MM and stops to tell you if you're wrong The DAX could get support from the 100 day mva and trade back up to the range too?..
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out