Long @ 16'265 (2x)
Carpe diem: Intraday tactics for Dax and Dow
- #19,464
- Feb 2, 2016 2:50am Feb 2, 2016 2:50am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
DAX, Monthly, 2016 February 02
The same procedure like 19'464
FXcube
The same procedure like 19'464
FXcube
- #19,470
- Edited 3:32am Feb 2, 2016 3:17am | Edited 3:32am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
We've tested the bottom trend line and now we either retrace back within this wedge towards today's CP, or we pullback to push lower today towards S2 which I have at 9520, or perhpas lower to S3 at 9412. Traditionally Tuesday gives big moves, so this lower level could be on the cards, and my charts are shaping up for another leg down.
ps - I don't see the collapse in equities coming just yet, so I think it will be later this year. We could well knock around for a few months, not pushing lower than 9250, but not pushing that much higher than 10,000 either. There could well be a catalyst that will push the markets into a freefall because they are pretty much staring into the abyss right now, and this could be anything really, such as war, or an escalation of the situation in the Middle Eat or even Ukraine.
ps - I don't see the collapse in equities coming just yet, so I think it will be later this year. We could well knock around for a few months, not pushing lower than 9250, but not pushing that much higher than 10,000 either. There could well be a catalyst that will push the markets into a freefall because they are pretty much staring into the abyss right now, and this could be anything really, such as war, or an escalation of the situation in the Middle Eat or even Ukraine.
