tsarun1992

DAX Index Futures

Long
EUREX:FDAX1!   DAX FUTURES
The Index Futures in trading in a parallel channel on Monthly chart.

Also as per Fibo retracement, 127.2% is at 15400 levels which exactly coincides with the upper band of the Parallel channel .

So we can expect 4-5% move from current levels.

Disc: We can't trade with this & so it is just for educational purposes only !!