DAX Index
Long
Updated

Forecast for Monday 16 January 2016

298
DAX retraced six pips over the 61.8% of the down from 11695 to 11493 at 11622 and I expect it to go down to around the 11541 area before a sharp up.

TP 1 = 11724
TP 2 = 11778

As always, please trade your own plan! I'd say that this one has a 65% chance of becoming reality.

Whatever you do, good luck!
Trade active
Correction on the TP levels:

TP1 = 11695
TP2 = 11731

snapshot
Trade active
Update:

TP1 = 11701
TP2 = 11731
Note
snapshot
Trade closed: stop reached
@11529

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.