DAX IndexLong
Will Dax bounce?
The downtrend channel's low limit was touched today and now we are at decision point for take a bounce or a terrific 2008 remake. SPX is in the same situation as oil and most of commodities.
Indicators for dax are in a good setup for bounce but lays space for going lower.
Rsi oversold,Stoch ok, atx at high level, momentum at minimum, channel low limit, support level (not key but small support), next fib really faraway may put on the desk a chance for almost a limited bounce (400/500 pips ) but the risk should be in count with 10000 at the door.
What i would do? Wait for tomorrow open, previous bounces were without gap from previous close, if will there be some momentum up open long with tight sl and small size.
Indicators for dax are in a good setup for bounce but lays space for going lower.
Rsi oversold,Stoch ok, atx at high level, momentum at minimum, channel low limit, support level (not key but small support), next fib really faraway may put on the desk a chance for almost a limited bounce (400/500 pips ) but the risk should be in count with 10000 at the door.
What i would do? Wait for tomorrow open, previous bounces were without gap from previous close, if will there be some momentum up open long with tight sl and small size.
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.
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.