Dax: Potential monthly uptrend emerging from mode support
We have seen a very volatile range in the Dax recently, in lower timeframes, but if we use a bird's eye view of the situation, we can see that the previous mode support from this leg's uptrend held and it's about to fire an uptrend signal.
My previous monthly downtrend analysis is currently invalid, and we can expect to get excellent opportunities on the long side here, on the short side in BUXL and the short side in eurusd (and long usdchf).
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
My previous monthly downtrend analysis is currently invalid, and we can expect to get excellent opportunities on the long side here, on the short side in BUXL and the short side in eurusd (and long usdchf).
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Daily view, might retrace after the monthly candle closes.