AbhishekHSinghCMT

DAX- Bleak times ahead with key level@10730

INDEX:DAX   DAX Stock Index
147 0 3
(L-S)- Long First & Short Later

The fall of 10730 was impulsive & almost came close to prior swing low@10190. Recent Low was 10212- Likely looking for a push upside on account of U.S. Elections -which could be short lived, so if DAX             fails to cross 10730 or go close to that end- looking at all possibilities, we should avoid taking any long positions in the zone 10500-10730- rather plan to exit markets.

In all scenario- Nov-Dec 2016 could be bleak for European markets. Going into year 2017- first few months shall be better, but ultimately- it should continue down

Primary Strategy
We should look for bearish opportunities if we get the index in the range 10500-10700 with key resistance at 10730- This view gets invalidated if DAX             crosses 10730 highs.

Alternate Strategy
Look for any bullish opportunity only if we get a close above 10730- key level
Trade active: 13:56 Hrs 8th Nov2016

Last Price@10450's

Wow- for gap here in DAX index
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
India
United States
United Kingdom
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out