MaryJane

Selling the former low or buying the neckline breakout?

FX:GER30   DAX Index
64 10 8
Trying to sell the former low... this short Szenario is only active if we make no higher high than 10.927 i don`t trade it - ist just an idea... If the Low will be bought, a dounble bottom can be formed
Long: Stoppbuy > neckline...

As Long as Dax             is trading below 10.990, a new Low @ 10825-10.800 is thinkable.
Above 11.040 you can assume, that no further lows will appear. This would open the possibility to increase to the Level 11.150-11.300
Trading below 10.650 will initiate a selloff to 10.250/10.065 - the summerrally would than be obsolete
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sl reached
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nice..sl adjustment
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possible Niveau @ the trendchannels upper edge to Switch the Position ito short!
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TP reached!
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sl adjustment - Open Position = without risk
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longposition filled, short cancelled
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sl-adjustment
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