DAX

1-2-3 high playing out?



dl.dropboxusercontent.com/u/24866576/Mar...6_07-18-56%20DAX.png

Looking for 11,000 however there are plenty of support levels between that and current price!

Cheers,
M.

Monkeyz,

Of that 123 you get the following areas to watch going forward...

1.0 - 11650
1.272 - 11531
1.618 - 11380

I've drawn two forks on the Weekly DAX chart, both have middle line support below us if we break last months low of 11,166

Red - 10,930
Blue - 10,830









Personally if we break lower then I think the support region will be 10,600/850 area so will have to keep my eyes open if we get there.

Just something to be aware of if you follow the DAX

Thanks
CT79

Finally closed my short on the DAX last Friday. It was via a ETF which proved to be a good learning experience!

Liquidity was dicey at times of volatility and I couldn't get a quote when I first attempted to sell it. Other times liquidity was so thin I would be +6% one minute -6% the very next and it would flash like that throughout the day.

Will be looking to go long once price confirms a change in fortunes.

Cheers
M

Hi, this looks to me like a bear flag breakout and retest, if its truth then possible move below Feb low,

Potential DAX short this wk ?