Day trade
Trade view / 16 June 2016 at 6:03 GMT

DAX downside to resume

partner and technical analyst / 3 c analysis
United Kingdom
Instrument: GER30.I
Price target:
Market price:

Bearish signals on the week and for Tuesday have been confirmed, but with intraday sentiment oversold near April’s low and with Tuesday’s bounce forming a small Hammer, Wednesday’s signals pointed to a temporary profit-taking recovery. This is exactly what has occurred, investors buying the dip, but for initial gains of 100 points to be mostly given up. This is negative and signals for Thursday revert to bearish.

Management and risk description

Allow room to sell rally and lower stop to entry if the first target is met.


Entry: market and 9573.0, just in front of yesterday's close.

Stop: 9610.0.

Target: 9394.5, March's low and 9200.0.

Time horizon: today only.

DAX 4 hourly - recovery to losses
DAX Weekly - April's low

DAX Monthly - key 50% pullback
 Source: all charts CQG. Create your own charts with SaxoTrader; click here to learn more 

— Edited by Gayle Bryant

For more on equities click here

Non-independent investment research disclaimer applies. Read more
leo_100 leo_100
its trending on the support line... symmetrical triangle with bull engulfing.. going long based on the trend :)
leo_100 leo_100
sorry this was for a different trade


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail