DAX

Good call Rich. I didn't trade it unfortunately.

That was a nice short area today .... Did anyone trade that channel ?

Potential DAX short this wk ?

Hi, this looks to me like a bear flag breakout and retest, if its truth then possible move below Feb low,

Finally closed my short on the DAX last Friday. It was via a ETF which proved to be a good learning experience!

Liquidity was dicey at times of volatility and I couldn't get a quote when I first attempted to sell it. Other times liquidity was so thin I would be +6% one minute -6% the very next and it would flash like that throughout the day.

Will be looking to go long once price confirms a change in fortunes.

Cheers
M

I've drawn two forks on the Weekly DAX chart, both have middle line support below us if we break last months low of 11,166

Red - 10,930
Blue - 10,830









Personally if we break lower then I think the support region will be 10,600/850 area so will have to keep my eyes open if we get there.

Just something to be aware of if you follow the DAX

Thanks
CT79