Updated View On German Index (14 Dec 2018)
The index is under heavy pressure and it is trying hard to break a strong RESISTANT of 10,960 regions.
You can turn BULLISH "only if" the level is broken UP.
At the same time, watch 10,600 level closely. If that level is broken, more bear will slide in,
To Conclude, it is almost 50-50 at this moment.
This is my point of view for the DAX now. As i'm a student i don't have alot of time to check the chart. If I am able to watch the chart when it is in the sell zone that is mentioned in the title, I will upload an idea from that point with entry points and take profits. DAX is in a downtrend now, if the trade goes well we can make alot of points out of this trade.
bored at work charting the DAX and noticed this. Structure looks similar. I don't think we see a drop of the same caliber as the previous financial crisis but we can only kick the can for so long before shit truly hits the fan imo. Will be watching....
View On German DAX (10 Oct)
First, we are still in the DOWNtrend. so every up move can be considered countertrend.
Secondly, we are approaching into a holiday season, it makes brings swing or side-way moves.
and you still want to trade?
Ok. I am expecting it is time for a swing back up, at least a short-lived on.
Recent drops brought us down to buy zone which is most likely to hold for next weeks and for christmas rally, we could have nice rebound to new levels marked on chart in yellow circles. Volume shows two possible resistance levels, which need to be broken to continue higher. Most important level to break is at 11 500.