Possible DAX Exhaustion Level

9 Nis 2023

Some basic price action, a 5 wave pattern and technical analysis shows the DAX entering a possible exhaustion area. Couple this with COT Data versus Retail Sentiment and we could be hitting our heads back down before the 16000 level. Personally I've been trailing a long position which now has a healthy SL at a very positive level. Will keep an eye out for short signals and price action after the Easter Holiday.

12 Nis 2023

İşlem kapandı: hedefe ulaştı

Took profit at 15825. Also had a long position on S&P and took profits at 4146... But now what? If it's following my prediction early, that's great; we all get to enjoy re-entering at a better price later and maybe a cheeky short on the way down. But what if we're not done with the bull squeeze?

12 Nis 2023

Not

Shorting from 4110 with a hedge position above that in case it decides it's not done. Will be trailing this short to target 3910. It's a long way down, but will keeping a close eye along the way.

14 Nis 2023

Not

Long from 4115 while it eats up the the "shock" news. Made gains on the rally this morning and some losses on the dump, but hedged it to save losses.

17 Nis 2023

Not

Sitting on hands now after that rally and modest profit. I suspect a pull back before another level up to 16000. Then we'll see if we're really bullish.

21 Nis 2023

İşlem aktif

So my drop theory played out and I have a short from: 15877 to: 15678 and will trail my SL along the way.