How many other traders have expected something like this?

DAX index of German listed sharesFXCM

Description

⋅ Jan 26, 2017 1:37 PM

When sentiment is heavily bearish and sell orders rise, the market often continues to rally. I wonder how many other traders have scouted out trade setups similar to this one, then wondered while it rallies

Comment

⋅ Jan 30, 2017 8:54 AM

I am not sure whether we reach 11630, or whether we are held up at 11,700

DAX Index

Comments

daxtrader54

⋅ Jan 27, 2017 4:23 PM

So far so good, but low volume and slow price action today (Friday)

gstarr

⋅ Jan 27, 2017 5:40 PM

@daxtrader54, Thanks daxtrader. What kind of analysis did you do to confirm this setup? I'm really intrigued...