German Stock Index DAX (It is in the pullback mode)

View On German Index (7 Mar 2018)

Let's make thing clear first. DAX is in the uptrend in mid-term (one to 3 months time horizon). Agree? read on.

There shall be some pullback in every strong trend and now we are in one of them.

It is currently in a pullback mode and it shall be shortlived. If you have shorted already, let the price action to show you.

Once the price reaches decent support and starts to show the bullish candle, it is where you should take your profit from your short position.
I expect it to go to 11,420 level first. Let's see.

DYODD, all the best and read the disclaimer too.
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