SimoneSiesto
Short

Dax - STRONGLY SHORT FROM 11800-11900 points

XETR:DAX   DAX Index
Hi Guys,

from the 1800-1900 area, I do expect a strong fallout for the German Index.

Descending volumes associated with the last ascending phase.

Retail traders are buying what the smart players are selling to them.

Thank you,

Simone

Comments

Do you expect any pullback towards the downside before reaching 117-118 level? actually I opened a short position at 11250 as I assumed that it will go down to 10.800. Would you expect this level or 110000 level to be seen soon before it reaches the 117-118 area? your reply would be highly appreciated
Reply
SimoneSiesto FlyToSky1
@FlyToSky1, that's a one million dollar question. It is really hard to predict if they are going to retrace immediately or after few candles. I think the upside movement has no much room ... it will be depending from sp500.....I have 3020 or max 3100 as limit for the sp500. So I do believe it is really matter of really few days before a strong reversal...
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Hi, Do you think that DAX30 will reach the 1800-1900 area? why do you think so if there is no volume to support the up move?
Reply
SimoneSiesto FlyToSky1
@FlyToSky1, Hi, price is always lagging the volumes. That's why I think they might go close to that level. In any case, we should be approaching the final step of the ascending phase for the upcoming weeks
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