MagnusTradingGroup
Short

2015 DAX® Trade Idea [Longterm]

FX:GER30   The DAX Index
Sideways, then a breakdown to 0.5 fib level or even lower on the 1.272 time fib of the preceding up move (between 0 and 1)
Stop above recent high.
What a symmetry, you could be true by using Stan Weinstein's 30week moving averages, which is currently whipsawing, but seems like Draghi is ready to "click" print button
http://www.telegraph.co.uk/finance/economics/11334993/European-Central-Bank-could-pull-trigger-on-500bn-of-sovereign-QE.html
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I think it is in climax mode
10,570 in 10days. and then it is over.
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As usual agree with the view as you know. In climax mode for me maybe 10.420 and then it is over ;)
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if we are in climax mode than I can see this :
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YaKa PRO MagnusTradingGroup
haha.. no... just 10days sir then we trade business as usual again. No vertical breakout here.. just 8% which is not bad already
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MagnusTradingGroup MagnusTradingGroup
or something more like this:
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YaKa PRO MagnusTradingGroup
everything is possible even your previous chart... step by step though...
The way i see it, there is hard resistance at 10600 around.
And what i mean by climax is something that has an end of party spirit (not a break away breakout)
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But my hard resistance moves up with time, it's a logarithmic line.
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YaKa PRO MagnusTradingGroup
Magnus, please check my posts
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