Phenlx
Long

DAX bullish week ahead?

FX:GER30   DAX index of German listed shares
182 2 10
Last week we had a quite bullish week. I am saying quite, because we really saw a DAX             increase by +2% until the mid of the week. From Wednesday on we have seen a retracement 88.6 retracement of last upswing. Fine so far.
I made my pips with my long set ups since I am usually not more than some hours in a trade.
What comes next? I do expect a further upswing witin the next week for the DAX             . I will look for some long set ups, but keeping still in mind that currently we are in a high volatility zone. Market may decide to break out of the channel.

Important: :-)
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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
fruitman82
6 months ago
I agree with your analysis. I'm watching it closely and waiting to enter long at 10,160 level, as I think it will confirm the break-out. Good luck this week.
Reply
FlorianBergmann
6 months ago
I believe you are right. I will also watch the dax.
Reply
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