2015 DAX® Trade Idea [Longterm] Short

DAX index of German listed sharesFXCM

Description

⋅ Jan 8, 2015 3:38 PM

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.

Comments

jangseohee

⋅ Jan 9, 2015 2:42 PM

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
telegraph.co.uk/finance/economics/11334993/European-Central-Bank-could-pull-trigger-on-500bn-of-sovereign-QE.html

YaKa

⋅ Jan 8, 2015 3:39 PM

I think it is in climax mode
10,570 in 10days. and then it is over.

Leo.Ash

⋅ Jan 8, 2015 3:41 PM

As usual agree with the view as you know. In climax mode for me maybe 10.420 and then it is over ;)

MagnusTradingGroup

⋅ Jan 8, 2015 4:02 PM

if we are in climax mode than I can see this :

YaKa

⋅ Jan 8, 2015 4:05 PM

haha.. no... just 10days sir then we trade business as usual again. No vertical breakout here.. just 8% which is not bad already

MagnusTradingGroup

⋅ Jan 8, 2015 4:09 PM

or something more like this:

YaKa

⋅ Jan 8, 2015 4:11 PM

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)

YaKa

⋅ Jan 8, 2015 4:12 PM

But my hard resistance moves up with time, it's a logarithmic line.

YaKa

⋅ Jan 8, 2015 4:12 PM

Magnus, please check my posts