Dax seems to be making correction from rally last week
Ideally price drops towards the green area now, if we do i will probably go long again around the 12.100/12.150 for the final wave up in the 12.700 area. There i will build up a very big short position, which has been my plan since we made that crash 2 months ago.
To understand my plan better it's best to read my previous analysis about the DAX
Here where i predicted the rally from a week ago from the 11.800
And here i predicted the start from the bear market when the futures will still trading at 13.440
To understand my plan better it's best to read my previous analysis about the DAX
Here where i predicted the rally from a week ago from the 11.800
And here i predicted the start from the bear market when the futures will still trading at 13.440
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Looks like a H&S, top formation on the short time frame
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I have been trying to post a new idea, but i keep getting an error. I will try it later again.
Dax has just been going up without any real correction since i predicted the reversal a few weeks ago at exactly the low :) But all that was part of my bigger game plan for the stock markets. That we have entered the bear market since January this year (where i also predicted the start at the top :)). Since than i have been waiting for prices to get around 12800/13.000 to build up a very big short position. Now we are getting close to that target!
For the short term i expect another wave down that would ideally find support around 12.100 and from there move up again towards the 12.800. I am still flat since i closed my remaining long position at 12.300 and have been waiting for the price to make a real correction and to go long again. It's always tempting to get in early but patience is important for a trader.
Dax has just been going up without any real correction since i predicted the reversal a few weeks ago at exactly the low :) But all that was part of my bigger game plan for the stock markets. That we have entered the bear market since January this year (where i also predicted the start at the top :)). Since than i have been waiting for prices to get around 12800/13.000 to build up a very big short position. Now we are getting close to that target!
For the short term i expect another wave down that would ideally find support around 12.100 and from there move up again towards the 12.800. I am still flat since i closed my remaining long position at 12.300 and have been waiting for the price to make a real correction and to go long again. It's always tempting to get in early but patience is important for a trader.
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And there we are, patience pays off :)
I have closed my everything i got left, and just opened my first short position, i will buy it in 4 or 5 portions the coming week
I have closed my everything i got left, and just opened my first short position, i will buy it in 4 or 5 portions the coming week
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I will try to post a new analysis today
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The Germans really feel like pumping it higher, i got my second portion in as well :)
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Markets just keep pushing higher, US could still make a bull trap for the Dow around 25.000, so we could still go higher, but i am sticking to my plan. I got the third portion in as well. I have 2 portions left which i will keep on opening up to 13.200
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I got my fourth portion in as well, things are starting to slow down, so i think the top is near now, maybe even set
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Got the last ones in at 13110. Average 12.950, i wont be adding anymore. Will post a new analysis soon, when i find the time :)