ahelfensteijn
Short

Ger30 continuos its downtrend?

FX:GER30   DAX index of German listed shares
GER30:
During the last months we see a downtrend in this index GER30             and now a possible Pull Back!!

What about Fib retracement. We can see that there is a retracement made back to the 38% and now moving down again.

Technicaly could be our next goal the 127% line as possible profit target.

What is your opinion? - Short on the trendline break?
Nice chart. It is really possible to have this move down.
According Fibonacci, this is correct and I also hope to this move.
But you have to be careful of two things.
1. Germany will try to avoid a price action lower than the area 9000-9300. So it can be very choppy over there.
2. The GER30 and the EURUSD are very correlated. This means that if the GER30 goes down, the EURUSD has to go up (vice versa). Checking the dollar index and a possible new move downwards, it is possible.
My opinion:
Start with a small lot size and add when it goes in your favour.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out