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Daxshort

DAX : Huge downside possible (Elliott Wave)From this current chart which is one of the two counts I have currently (both extremely bearish), it looks like we can see huge down move in DAX. Wave 2/B which moved up in 3 waves with Wave B (Circled) being a Running Triangle seems to have completed, but even it is still continuing the scenario for DAX (German Index) remains sideways to bearish and hence shorts looks attractive in this market situation. Stop Loss : Swing High : 13205 Target 1 : 12268 Target 2 : 11859
OANDA:DE30EURShort
by NeeravYadav
1
DAX Index: Short TargetI believe a 13570 short target is inevitable with medium risk. Many industrial and tech companies are starting to gain notice in Germany and the overall indication of strength of the startup scene have increased. Even though Merkel's policies are regulatory tax wise, companies have still managed to sustain some growth as well as recouping of positive correlations there. I think the expectancy of a year over year average will likely show healthy strength.
INDEX:DEU40Short
by gamer456148