DAX still remains in consolidation between 12850 and 13250. In this week we could observe price trying to go above the 13250 level, but strong supply appeared over 13300. Sellers not only stopped further increases but also absorbed the last growth and pushed the price to 13000. As we have already seen before, there is a strong support level. On the 14th and 15th of December we saw a lot of buyers here. Near 13000 can be a good place to open a long position. The first target for a long order will be 13080-13090. The second target will be 13200-13250.
exit alls positions bullish to go 12830 already bearish
investsoft
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@adajab, I caught up movement. Open at 13022 and exit at 13063. Now I'm seeing what's next.
adajab
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@investsoft, Well, that price did not come to my door, the dax is very cabron, you did what you could, tomorrow it seems you can go up to 13 205
Thank you for your interest. It shows that we are not alone, that we enjoy Christmas as well as possible and that the New Year brings blessings to your door.
adajab
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@adajab, morning bullish the safe price touches 13205, and what I say goes to mass, 13205, tp1 13169 tp2 13217 tp313295
adajab
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@adajab, but we can also if we fall to 13000 again fall to 12830
investsoft
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@adajab, yes, price could back to 13000 but there we should observe price action to consider which scenario is more probable.
adajab
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@investsoft, he has to go up to 14000 to form figure back if he thinks about falling to hell
is a thought is forming bullish figure is left with a D leg, to meet before falling again.
think that the markets need a severe correction, the dax is an advance in it as is the nasdaq, when you see the nasadq fall start to tremble.
regards
investsoft
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@adajab, I think that DAX must do nothing but will go where it want. We must predict this to earn. Now DAX is in range 13000-13140 and I'm waiting for break out. Then I will see what's next and decide. I'm not trading till end of this year.
adajab
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@investsoft, wise answers, most likely the dax end the year in the range you say, follow your steps closely, do not hesitate to update and keep us in the starting line, whatever the final destiny of the price, fundamental dax is worth 12,000 points which on the other hand is a well-known number for the price.
Greetings and all the best, I wish you a 2018 with many pips and above all a lot of health
investsoft
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@adajab, Thanks, and the best wishes for you and all readers for the new year 2018 and of course a lot of pips :)
In January I will publishing ideas more frequently and regularly.