People often ask me why I like to trade the DAX (given that it is not the largest of stock market indices....I do also trade US markets mostly and occasionally HK/NKY). The answer is because the DAX is often a technically gorgeous market to trade in terms of clear patterns (EW and classical like H+S etc) and provides clear entry and exit (stop and t/p) levels. It looks like we have such a case this morning. Sell 13350-13380, stop 13400, target 13000-13050 next few days.
トレード終了: 利益確定目標に到達
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DAX = Quod Erat Demonstrandum 2 days, 2.5% thanks very much, taking profits ahead of the weekend Review next week
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Getting ready to go SHORT again next day or so - possible head and shoulders top forming - resistance 13350, confirmed below neckline 12900, target 12150 twitter.com/Flash430/status/1224675595302395905