YaKa

DAX - Dive Olympic Champion - Failure - Reversal?

FX:GER30   DAX Index
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Yesterday's reading could be key.

DAX is normally prone to large dives when the rest of the market falls.

Yesterday, while SP500 managed to fall 45 points intraday, the DAX was unable to break the yearly pivot at 9400.

This is a little additional clue/help on the up side

The key support on DAX is otherwise 9100/8900, below which it could become sour.

Comments

3nd profit target achieved = 9831
what next? if up, than 10109 as a 4th PT
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unless an attractive QE from Draghi that proves me wrong
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P83085395 jangseohee
maybe :-)
this is to much long time for me as I´am a trader, this is time frame for investors...
EUR/USD = 1,1757 now, this is no good message for big Mario, trend is down
we expect strong support of the QE and up trend as a main trend
Reply
jangseohee P83085395
Understand, intraday trading need shorter timeframe.
So Draghi has put some blood ink to introduce QE to save Eurozone equity market and throw Euro into the bottom of EURUSD downtrend channel
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2nd profit target achieved, today morning, at 8:00
note: CFD at my broker
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jangseohee P83085395
do you mind sharing a post of your trade?
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P83085395 jangseohee
We are close to 9700, 2nd PT safely confirmed. 3rd PT is 9831, but it depends on the level of 9382,82 (low of Jan the 6, XETRA). Now, I am not conviced, that DAX is able to touch it without dip. My today´s range is as High = 9691. We´ll see :-)
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freaking Ranging ...
Stan Weistein's 3rd stage, 30week moving average ranging and whipsawing
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jangseohee jangseohee
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1st profit target achieved
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