Day trade
Trade view / 28 June 2016 at 5:39 GMT

Temporary respite as signals point to bounce for the Dax

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

Bearish signals in Q2 and for this week have been confirmed, and investors were selling futures on Monday for a loss of over 250 points.

Signals across all time frames are oversold, so bounces have to be expected. Gains into last night’s close have improved sentiment and although this is likely to be temporary, for Tuesday signals are pointing cautiously higher.

Management and risk description

Allow room to buy a reactionary dip and raise stop to entry if the first target is met.


Entry: Market and 9405.0.

Stop: 9330.0, yesterday's close.

Target: 9580.5, yesterday's high and 9708.5, Friday's top.

Time horizon: Today only.

DAX 4 hourly - consolidation

DAX Weekly - Volatile

DAX Monthly - key 50% pullback

Charts: CQG. Create your own charts with SaxoTrader; click here to learn more.  

For more on forex, click here.

— Edited by Robert Ryan

Non-independent investment research disclaimer applies. Read more
trading4fun trading4fun
steve, very nice spot on call to buy market open. those not greedy can already enjoy 50ticks in some hour of trading.
Steve Lucas Steve Lucas
take some profit here at 9480.0 and raise the stop to the entry point


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