(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
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 Nov2016Last Price@10450's
Wow- for gap here in DAX index
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.