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Dax Index Update 31st May
The Dax fell 10 points shy of the first target at 12599 before
bouncing along with FTSE at 7600-7580.
It's since started to make a continuation pattern which can
push higher to 12798 -12830 but should eventually break the
lower smaller parallel and offer another shorting opportunity
once it does so back to 12609-12599.
Any subsequent failure to hold 12599 will then trigger a
further short back to 12323
The Dax fell 10 points shy of the first target at 12599 before
bouncing along with FTSE at 7600-7580.
It's since started to make a continuation pattern which can
push higher to 12798 -12830 but should eventually break the
lower smaller parallel and offer another shorting opportunity
once it does so back to 12609-12599.
Any subsequent failure to hold 12599 will then trigger a
further short back to 12323
Clauper
In a weekly chart you can see clearly a HEAD & SHOULDER pattern. Its already going down on the right shoulder. I believe that the 12599 support will be broken. Lets see it...
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kosuo9909
At what price is the first short? Thanks.
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